§ 19-7-207 — Wyoming national guard youth challenge program endowment account; administration; distributions; purposes

(a) The Wyoming national guard youth challenge program
endowment account is created. The state treasurer is authorized
to accept cash gifts for the account. Funds within the account
including all funds deposited to the account from any source are
intended to be inviolate and constitute a permanent or perpetual
trust fund. The state treasurer shall invest funds within the
endowment account in accordance with law and in a manner to
obtain the highest net return possible consistent with the
preservation of the trust fund corpus. Fifty percent (50%) of
investment earnings from funds in the endowment account shall be
credited to the endowment account. Fifty percent (50%) of
investment earnings shall be distributed in accordance with
subsection (b) of this section.
(b) The state treasurer shall semiannually distribute
fifty percent (50%) of investment earnings from the Wyoming
national guard youth challenge program endowment account to the
Wyoming military department. Funds distributed under this
subsection shall only be expended for the operation and facility
needs of the Wyoming national guard youth challenge program
established under W.S. 19-9-701. Funds distributed under this
subsection shall be expended pursuant to W.S. 19-9-702.
(c) The Wyoming national guard youth challenge program
endowment account created in subsection (a) of this section may
be known as the "Wyoming cowboy challenge academy endowment
account."