23.0962 Grant to a nonprofit conservation organization for Black Point Estate.
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/wi/chapter-23/23-0962A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
23.0962 Grant to a nonprofit conservation organization for Black Point Estate.
(1)If the department of administration acquires as a gift the property, known as Black Point Estate, that is located on Lake Geneva in the county of Walworth, town of Linn, in fractional Sec. 8, T. 1 N., R. 17 E., and if the joint committee on finance approves the gift under s. 20.907
(1), the department of natural resources shall make a grant of $1,800,000, from the appropriation under s. 20.370
(cq), to a nonprofit conservation organization that meets all of the following requirements:
(a)The nonprofit conservation organization is a nonprofit corporation, a charitable trust or other nonprofit association that is described in section 501
(3)of the Internal Revenue Code and is exempt from federal tax under section 501
(a)of the Internal Revenue Code.
(b)The nonprofit conservation organization has, as its primary purpose, the preservation of the property known as Black Point Estate.