§ 21-16-1203 — Excellence in higher education endowment fund distributions to Wyoming community colleges

(a) Repealed By Laws 2007, Ch. 148, § 2.
(b) Each community college shall use the earnings received
under W.S. 21-16-1201(c)(ii) as provided by this section to
establish endowed faculty positions and to acquire instructional
and resource materials, classroom equipment and other resources
necessary to support the work of the endowed faculty. The
following shall govern each community college in the use of
these funds:
(i) Funds shall be used for recruitment or retention
of faculty, either permanent or temporary, possessing special
skills or demonstrated excellence improving the quality of
educational and outreach instruction;
(ii) The earnings received shall be used for the
recruitment and retention of faculty with abilities necessary to
establish or expand vocational programs and program quality
benefiting communities, businesses and industries within
respective service areas. The purpose of this paragraph is to
enhance the ability of community colleges to prepare students
for a lifetime of higher wages and expanded job opportunities,
to provide local and regional businesses and industries with an
improved, better trained and better educated workforce and to
increase the economic stability of proximate communities and the
entire state;
(iii) Earnings not expended pursuant to paragraph
(ii) of this subsection which are received shall be used for the
recruitment and retention of faculty with established
reputations in academic areas offered by each individual
community college. The purpose of this paragraph is to improve
the ability of colleges to better prepare students to pursue
bachelor and graduate degrees at the University of Wyoming or
other four (4) year institutions and offer additional courses of
outreach instruction to high school and adult populations within
their service areas.
(c) The community colleges may collaborate with the
University of Wyoming on the use of earnings received from the
excellence in higher education endowment fund.