(a)As used in this article:
(i)"Challenge fund" means the public library
endowment challenge fund created under this article;
(ii)"Endowment gift" means an irrevocable gift or
transfer to a Wyoming public library foundation of money or
other property, whether real, personal, tangible or intangible,
and whether or not the donor or transferor retains an interest
in the property, where the gift of the foundation's interest in
the property is required to be used by the foundation
exclusively for endowment purposes, where:
(A)The gift was received or the transfer
occurred during the period July 1, 2008, through June 30, 2022;
or
(B)A commitment to make the gift or transfer
was made in writing to the respective public library foundation,
which commitment was received during the period July
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(a) As used in this article:
(i) "Challenge fund" means the public library
endowment challenge fund created under this article;
(ii) "Endowment gift" means an irrevocable gift or
transfer to a Wyoming public library foundation of money or
other property, whether real, personal, tangible or intangible,
and whether or not the donor or transferor retains an interest
in the property, where the gift of the foundation's interest in
the property is required to be used by the foundation
exclusively for endowment purposes, where:
(A) The gift was received or the transfer
occurred during the period July 1, 2008, through June 30, 2022;
or
(B) A commitment to make the gift or transfer
was made in writing to the respective public library foundation,
which commitment was received during the period July 1, 2008,
through June 30, 2022, and the gift was received or the transfer
occurred not later than December 31, 2023.
(iii) "Foundation" means an organization established
for each public library that among other purposes, exists to
generate additional revenues for public library programs and
activities;
(iv) "Match" means the level of funds the state
treasurer will provide to each public library foundation, where:
(A) The amount disbursed by the state treasurer
will be three (3) times the amount raised by the library
foundation of any of the following counties: Albany, Big Horn,
Hot Springs, Platte, Crook, Weston, Washakie, Goshen and
Niobrara;
(B) The amount disbursed by the state treasurer
will be two (2) times the amount raised by the library
foundation of any of the following counties: Johnson, Lincoln,
Carbon, Uinta, Laramie, Park, Sheridan and Converse;
(C) The amount disbursed by the state treasurer
will be equal to the amount raised by the library foundation of
any of the following counties: Campbell, Sublette, Sweetwater,
Fremont, Natrona and Teton.
(v) "Permanent endowment funds managed by a Wyoming
public library foundation" means the endowment funds that are
invested by the respective Wyoming public library foundation on
a permanent basis and the earnings on those investments are
dedicated to be expended exclusively to benefit and promote the
mission, operation or any program or activity of the respective
public library, including but not limited to augmentation of
collections, programs and projects, capital improvements,
increases to the corpus of the endowment and defraying
reasonable costs of endowment administration.