Wyo. Stat. § 21-13-504 (2026)

(a) Except as prohibited under subsection (b) of this
section, the board of trustees of each Wyoming school district
may create a special reserve fund of a specified amount, for the
purpose of purchasing or replacing specified equipment or a
depreciation reserve for equipment and school building repair.
The board may annually include in its budget for the ensuing
fiscal year, the amount so designated, as a special fund,
expendable only for the purposes stated and segregated as such,
from general and other special school funds, disbursements
therefrom to be made from time to time by the school clerk's
warrants drawn against said special fund, as duly ordered by
said board; provided, that said amount so specially budgeted for
any fiscal year shall not exceed ten percent (10%) of the total
amount budgeted for the same year; and further provided, that
any difference in the amount so specially budgeted for any such
year and the amount expended from said fund during such year,
may be retained in and carried over as a part of the special
reserve fund.

     (b) In no event shall any funds generated by the school
foundation program, defined by W.S. 21-13-101(a)(v), that are
transferred to a special reserve fund be expended by the board
of trustees of a school district for major building and facility
repair or replacement, as defined under W.S. 21-15-109(a)(iii),
for a project, as defined under W.S. 21-15-111(a)(iv) or for any
educational building, office building, portable building,
teacherage or warehouse building, as defined under W.S. 21-15-
109(a).