Pucky Freak
Well-known member
It will be I interesting to see how the BHA raffle shakes out. If it’s administered well the total $$ *could* exceed what might have been raised via auction, potentially paving the way for future raffles > auctions based on the trust doctrine principle you referenced.If one puts this in the context of the Public Trust Doctrine, one of the operating principles of appointed/elected officials, it's a pretty easy answer - The Trustee should award the use of an asset that is part of Trust Corpus to the group or individual who can obtain the greatest return the Trust, all within the sideboards of what is legally allowed.
I understand there is a lot more that enters these discussions than just the Public Trust responsibilities of the Trustee. Not that I am a Commissioner or Trustee, but if I were, I would ask for legal clarification of who are qualified by statute, then select the organization deemed most likely to obtain the greatest return for the Tag/Trust Corpus.
The Trustee is being asked, in this case, legally mandated, to part with Trust Corpus represented by this statewide tag. Trustees' fiduciary duties require obtaining the greatest return on any Trust Corpus being allocated away from the Trust.
I'm sure I'd get flamed by some groups for approaching it that way. But, if we are going down this path by statute, then the Trustees have guidance under the PTD of how they should decide.