§ 21-16-1401 — Definitions

(a) As used in this article:
(i) "Challenge account" means the university academic
facilities challenge account established under W.S. 21-16-1402;
(ii) "Qualifying contribution" means a transfer of
money or other property of a value of not less than twenty-five
thousand dollars ($25,000.00) to the University of Wyoming
foundation to be expended exclusively for university academic
facilities as approved by the university president and board of
trustees. The commitment for a qualifying contribution or the
contribution itself shall be made in writing on or after October
1, 2005. The contribution shall be actually received by the
University of Wyoming foundation on or before December 31 of the
fifth calendar year following the calendar year in which the
written commitment was made. Members of a single family may
aggregate their individual gifts to meet the minimum dollar
threshold required for matching funds. Gifts from nonfamily
members in memory of a deceased individual may also be
aggregated to meet the minimum dollar threshold required for
matching funds.