§ 9-4-307 — Crediting of federal land grant income; omnibus account

(a) Three-fourths (3/4) of the income described in W.S.
9-4-305(c) attributable to the lands now remaining
undistributed, as donated to the state for state, charitable,
educational, penal and reformatory institutions under section 11
of the Act of Admission, shall be credited to the general fund,
and one-fourth (1/4) of that income shall be credited to the
omnibus account within the permanent land income fund for the
department of corrections, the department of health and the
department of family services.
(b) The omnibus account is an emergency account to be used
by the department of corrections, the department of health and
the department of family services in the maintenance and
upbuilding of state charitable, educational, penal and
reformatory institutions upon the unanimous vote of the state
loan and investment board at a meeting attended by all board
members or following an appropriation by the legislature.