LARAMIE, Wyo. (AP) — The incoming president of the University of Wyoming says an important part of his job will be to find other sources of revenue to help make up for cuts in state funding.

Robert Sternberg says he will work at fundraising and increasing the university's involvement in developing successful business ventures.

The state Legislature this winter cut general fund spending because energy revenues are expected to be flat in the coming years. UW saw its operating budget cut by about $11.7 million as a result.

In an interview with The Associated Press, Sternberg also says he plans to travel around the state soon after taking office to meet people and discuss the university's mission.

Sternberg takes office on July 1, replacing retiring President Tom Buchanan.

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