§ 21-23-202 — Wyoming public television matching program; state treasurer to administer program accounts; matching payments; conditions; reversion of appropriations

Wyoming § 21-23-202

• Jurisdiction: Wyoming
• Title 21: Education
• Ch. 23: WYOMING PUBLIC TELEVISION
• Art. 2: WYOMING PUBLIC TELEVISION ENDOWMENT ACCOUNT

Text

(a) The Wyoming public television matching funds account
is created.
(b) The state treasurer shall administer the Wyoming
public television endowment account and Wyoming public
television matching funds account established under this
article. The following shall apply:
(i) Funds from the Wyoming public television
endowment account shall be transferred by the state treasurer to
the Wyoming public television matching funds account to equally
match each cash gift received by Wyoming public television and
deposited to the matching funds account. A match shall be paid
by the state treasurer from the Wyoming public television
endowment account at the time any accumulated amounts actually
deposited to the matching funds account total ten thousand
dollars ($10,000.00) or more;
(ii) The state treasurer shall make transfers to the
Wyoming public television matching funds account not later than
the end of the calendar quarter following the quarter during
which deposits to the matching funds account total at least ten
thousand dollars ($10,000.00). If gifts are made through a
series of payments or transfers, no matching funds shall be
transferred under this section until the total value of all
payments or transfers actually received totals at least ten
thousand dollars ($10,000.00);
(iii) Funds in the matching funds account shall
remain inviolate and shall be invested by the state treasurer as
authorized by law. Only the earnings from investments of the
monies in the matching funds account may be distributed. The
state treasurer shall distribute earnings from the matching
funds account to the community college commission as provided in
W.S. 9-4-108. The community college commission shall distribute
these funds together with other appropriated funds to the
central Wyoming community college district board for the
operations and programming of Wyoming public television pursuant
to W.S. 21-18-105(b).