Washington Administrative Code
Title 255 - Historical Society, Washington State
Chapter 255-30 - Washington State Historical Society-gifts, Grants, Conveyances, Bequests and Devices
Section 255-30-080 - Tangible personal property requirements
Universal Citation: WA Admin Code 255-30-080
Current through Register Vol. 24-18, September 15, 2024
(1) The following requirements apply to tangible personal property that is donated with the intent for the society to sell and do not apply to donations of artifacts for the collection:
(a) Acceptance of personal property is
contingent on formal approval of the society's board of trustees. The board may
delegate authority for approval with formal action which identifies who has
delegated authority, and the limits of any such authority;
(b) Acceptance of property shall not violate
any federal, state or local statute or ordinance; and the purposes for which
the item is being donated are permissible under the state expenditure rules
which apply to donations to the society;
(c) All tangible property shall be valued by
the proceeds from the sale or by a qualified appraisal;
(d) The society must be able to dispose of
the property within a short time, normally not to exceed six months following
the receipt of the gift; and
(e)
The society shall adhere to all IRS requirements relating to the disposition of
gifts of tangible personal property and shall provide appropriate forms to the
donor and IRS where required.
(2) The following requirements apply to tangible personal property that is donated with the intent for the society to maintain:
(a) Acceptance of property shall not
violate any federal, state or local statute or ordinance;
(b) The purpose for which the item is being
donated shall be permissible under the state expenditure rules which apply to
donations to the society;
(c)
Acceptance of personal property is contingent on formal approval of the
society's board of trustees. The board may delegate authority for approval with
formal action which identifies who has delegated authority, and the limits of
any such authority.
Disclaimer: These regulations may not be the most recent version. Washington may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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