§ 21-16-1202 — Excellence in higher education endowment fund distributions to University of Wyoming

(a) Repealed By Laws 2007, Ch. 148, § 2.
(b) The university shall use the earnings received under
W.S. 21-16-1201(c)(i) to establish endowed faculty positions and
to acquire instructional and resource materials, classroom
equipment and other resources necessary to support the work of
endowed faculty. The following shall govern the university in
the use of these funds:
(i) Funds shall be used for recruitment or retention
of faculty with established reputations for excellence in
research or instruction and whose presence enhances the
educational quality and reputation of the university. As the
primary mission of the university is the provision of quality
undergraduate and graduate education, faculty selected for
research abilities shall also instruct classes in accordance
with established university policy;
(ii) Not less than two-thirds (2/3) of the earnings
received shall be used for the recruitment and retention of
faculty possessing abilities necessary to expand university
instruction and research in disciplines related to economic and
social challenges facing Wyoming, including but not limited to
energy, natural resources, wildlife, science, earth sciences,
health sciences, agriculture, education and engineering. The
purpose of this paragraph is to provide university assistance to
the state of Wyoming and its residents to the broadest extent
possible, through the diversification of its economy,
preservation of its natural and human resources and the
enhancement of its quality of life. Not less than four (4)
faculty recruited and retained under this paragraph shall be in
the college of education;
(iii) The remaining earnings received shall be used
for the recruitment and retention of faculty with established
reputations in teaching and research excellence in other areas
of distinction as identified in the university academic plan,
including disciplines important to the state and region and its
history and culture such as business, arts and humanities,
mathematics, cultural studies, economics and law. The purpose of
this paragraph is to enhance undergraduate and graduate
instruction, to prepare students to become productive and
contributing members of society and to promote an appreciation
of arts, humanities and other cultures and interests affecting
quality of life;
(iv) Selection of areas of excellence for endowed
faculty chairs shall be:
(A) Made only after the university conducts
public hearings for determination of state-wide interest;
(B) Based upon a survey sampling Wyoming high
school students' career interests; and
(C) Developed by the university through other
appropriate means to determine sustainable, long-term programs
for the benefit of current and future Wyoming generations.
(c) The university may collaborate with community colleges
on the use of earnings received from the excellence in higher
education endowment fund.