11-10-118. State fair endowment account; administration; distributions; purposes.
(a) The state fair endowment account is created. The state treasurer is authorized to accept cash gifts for the account. Funds within the account including all funds deposited to the account from any source are intended to be inviolate and constitute a permanent or perpetual trust fund. The state treasurer shall invest funds within the endowment account in accordance with law. Seventy-five percent (75%) of investment earnings shall be credited to the endowment account. Twenty-five percent (25%) of investment earnings shall be distributed in accordance with subsection (b) of this section.
(b) The state treasurer shall distribute twenty-five (25%) percent of investment earnings from the state fair endowment account to the Wyoming state fair account quarterly.
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