B-184936: May 3, 1976

FUNDS - PRIVATE DONATIONS - INCOME FROM BEQUEST - USE - UNSPECIFIED PURPOSES PROPOSED COOPERATIVE AGREEMENT PROVISION WHICH WOULD PERMIT RECIPIENT OF FUNDS TO USE FUNDS FOR UNSPECIFIED PURPOSES IN FUTURE AT ITS OWN OPTION IS NOT PROPER. THE FPL WAS ADVISED THAT IT HAD BEEN DESIGNATED AS A BENEFICIARY OF THE ESTATE OF THE LATE CLARK C. IT WAS DETERMINED THAT THE FPL COULD ACCEPT AND USE THE PROCEED...

B-184936: May 3, 1976

An advance decision was requested as to whether the Forest Products Laboratory (FPL) could enter into a proposed cooperative agreement with the University of Wisconsin. FPL has the authority to accept a bequest from a private citizen only for the purpose of establishing and operating forestry research facilities. It may not enter into a cooperative agreement to invest the proceeds of the bequest a...