The main purpose of this legislation is to update and improve the way public land in Wyoming can be used for educational purposes. Specifically, it seeks to modify certain outdated provisions from a law originally passed in 1890, which governs how the state can manage and benefit from public lands designated for education. Key provisions of the legislation include changes to the language regarding financial returns from these lands. The bill replaces the term "interest of" with "earnings on" in multiple sections of the original law.