2012 Wyoming Statutes
TITLE 9 - ADMINISTRATION OF THE GOVERNMENT
CHAPTER 2 - AGENCIES, BOARDS, COMMISSIONS AND DEPARTMENTS GENERALLY
9-2-908. Eligibility requirements of qualifying arts organizations; allocation limitations; matching requirements.

(a) Any qualifying organization may apply to receive monies from the state account to be deposited in the qualifying organization's endowment fund:

(i) If it has received a grant from the department during one (1) of the three (3) years immediately before making application for state fund monies under this subsection;

(ii) Upon approval by the department if it has not received a grant from the department within the past three (3) years; or

(iii) If it has met eligibility requirements established by the department under W.S. 9-2-907(c)(vi).

(b) The department in consultation with the board may allocate monies from the state account subject to the following limitations:

(i) The maximum amount that may be allocated to each qualifying organization from the state account shall be determined by the department in consultation with the board by calculating the average cash income of the qualifying organization during the past three (3) fiscal years as contained in the qualifying organization's financial reports on file with the department. The department shall notify each qualifying organization of the maximum amount of monies from the state account for which it qualifies;

(ii) The minimum amount that may be allocated to each qualifying organization from the state account is two thousand five hundred dollars ($2,500.00);

(iii) If the maximum amount for which the organization qualifies is less than two thousand five hundred dollars ($2,500.00), the organization may still apply for two thousand five hundred dollars ($2,500.00).

(c) After the department in consultation with the board determines that a qualifying organization is eligible to receive monies from the state account and before any money is allocated to the qualifying organization from the state account, the qualifying organization shall match the amount qualified for by monies raised and designated exclusively for that purpose. State monies, in-kind contributions, and preexisting endowment gifts may not be used to match monies from the state account.

(d) Endowment match monies shall be based on a sliding scale as follows:

(i) Any amount requested not exceeding one hundred thousand dollars ($100,000.00) shall be matched one dollar ($1.00) of matching monies for each one dollar ($1.00) from the state account;

(ii) Any additional amount requested that makes the aggregate amount requested exceed one hundred thousand dollars ($100,000.00) but not exceed five hundred thousand dollars ($500,000.00) shall be matched two dollars ($2.00) of matching monies for each one dollar ($1.00) from the state account; and

(iii) Any additional amount requested that makes the aggregate amount requested exceed five hundred thousand dollars ($500,000.00) shall be matched three dollars ($3.00) of matching monies for each one dollar ($1.00) from the state account.

(e) Monies from the state account shall be distributed subject to the following requirements:

(i) Qualifying organizations shall raise a cash amount equal to the approved request within three (3) years after applying for monies from the state account by a date determined by the department. For purposes of partial distribution of an approved amount, the department shall review the amount of matching funds received by a qualifying organization on an annual basis;

(ii) Monies from the state account shall be released to the qualifying organization only upon verification to the department that the matching monies have been received on or before the date determined under paragraph (i) of this subsection. Partial distribution of an approved amount shall be made on an annual basis in an amount equal to the matching monies received by a qualifying organization upon verification to the department;

(iii) Monies from the state account shall be granted to each qualifying organization on the basis of the matching funds it has raised by the date determined under paragraph (i) of this subsection.