§ 18-7-205 — Additional transfer of funds

(a) In addition to the transfer of matching funds
authorized under W.S. 18-7-204, when the state treasurer
determines that the cumulative amount of endowment gifts
received by all twenty-three (23) of the public library
foundations has reached two million three hundred thousand
dollars ($2,300,000.00), the treasurer shall transfer to each of
the public libraries, from its separate challenge fund account,
the amount of one hundred thousand dollars ($100,000.00) or the
amount of the balance remaining in the library's challenge fund
account, whichever is less.
(b) A library receiving funds under this section shall
immediately transfer the funds to its public library foundation.