12-1268.   Same; capital improvement fund.If the library occupies a public building upon a site acquiredtherefor and the building and site are freefrom any bonded indebtedness, then an amount not to exceed 20% ofany annual budget prepared, published and approved by the boardmay be allocated to a special accruing fund for thecost of erecting and equipping any addition to, or branch of, suchlibrary and for the acquisition of any additional site required forthe erection of any such addition, branch or parking facility for use bythe patrons of such library. Expenses for major capital improvements ormajor equipment purchases to cover such matters as, but not limited to,major roof repair, new computerized circulation or security systems andbookmobile replacement also may be paid with funds from the special accruingfund.

      History:   L. 1992, ch. 133, § 9; July 1.