255-30-090  <<  255-30-100 >>   255-30-120

WAC 255-30-100

Acceptance of real estate.

(1) The society may accept gifts of developed or undeveloped real estate. The following requirements apply to the acceptance of real estate:
(a) Acceptance of real estate is contingent on formal approval of the society's board of trustees;
(b) Acceptance of property shall not violate any federal, state or local statute or ordinance;
(c) The purpose for which the property is being donated shall be permissible under the state expenditure rules which apply to donations to the society;
(d) The donor agrees that the property can be sold at the society's discretion;
(e) The donor may be responsible for obtaining and paying for an appraisal of the property. The appraisal must be performed by an independent, qualified appraiser;
(f) The society's board of trustees may require the donor provide an environmental appraisal of any proposed gift of real estate;
(g) The donor may be asked to pay for all or a portion of the following:
(i) Maintenance costs;
(ii) Real estate taxes due prior to date of conveyance;
(iii) Insurance;
(iv) Real estate broker's commission and other costs of sale; and
(v) Preliminary title report costs; and
(h) The property shall be conveyed by warranty deed prior to the execution of any contract of sale by the grantor.
[Statutory Authority: RCW 27.34.070. WSR 18-23-088, ยง 255-30-100, filed 11/20/18, effective 12/21/18.]
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