Wyo. Code R. 039-0001-9
General Agency, Board or Commission Rules
Chapter 9: Gifts, Transfers, Bequests and Donations
Effective Date: 03/31/2007 to UNKNOWN
Rule Type: Superceded Rules & Regulations
Reference Number: 039.0001.9.03312007
Section 1. Criteria for Acceptance or Rejection of Gifts, Transfers, Bequests and Donations Including Interests in Real or Personal Property. The Board may accept or reject any gift, grant, transfer, bequest, royalty or donation at its sole discretion except that the Board shall not accept any fee simple interest in real property but shall make recommendations to the Board of Land Commissioners regarding acceptance of any such interest.
Section 2. Transfer of Funds from Private Interests. Any gift, grant, transfer, bequest, royalty or donation shall be subject to the instrument transferring such interest to the Income Account. Any funds transferred to the Board for particular purposes shall be placed in segregated sub-accounts to the Income Account and shall be distributed in accordance with the terms of the transferring instrument.