045-25 Wyo. Code R. § 25-11
Prior to a public sale by either method listed in Section 10, the Commission shall first authorize the sale and method of sale for each parcel.
(a) Offers to buy that equal or exceed fair market value will be automatically accepted under terms of the sale.
(b) Offers to buy that do not meet fair market value but are not less than 75% of established fair market value shall be considered by the Commission. The Commission recognizes that a fair market value is based on an appraisal which is an opinion of value based on available sales data. Since it is an opinion, it may be in the best interests of the State to sell the property at the offered buying price.
(c) All offers less then 75% of established fair market value will automatically be rejected.
045-25 Wyo. Code R. § 25-11