12-1268. Same; capital improvement fund.
12-1268
12-1268. Same; capital improvement fund.
If the library occupies a public building upon a site acquired
therefor and the building and site are free
from any bonded indebtedness, then an amount not to exceed 20% of
any annual budget prepared, published and approved by the board
may be allocated to a special accruing fund for the
cost of erecting and equipping any addition to, or branch of, such
library and for the acquisition of any additional site required for
the erection of any such addition, branch or parking facility for use by
the patrons of such library. Expenses for major capital improvements or
major equipment purchases to cover such matters as, but not limited to,
major roof repair, new computerized circulation or security systems and
bookmobile replacement also may be paid with funds from the special accruing
fund.
History: L. 1992, ch. 133, § 9; July 1.