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13-2-405. Surplus funds — Matching funds.
Arkansas Code — all titles (historical 2020) · legal_authorities
13-2-405. Surplus funds — Matching funds.
(a) The governing board of any county public library is authorized to use any surplus funds available in the operating or maintenance account of the public library for matching federal or other funds available for financing necessary expansions or improvements of the public library.
(b) Before using any of the funds for the purposes of this section, the governing board of the county public library shall adopt a resolution setting forth the:
(1) Amount of the funds to be used;
(2) Purposes for which the funds are to be used;
(3) Amount of matching funds to be derived by the use of the funds; and
(4) Nature of the expansions or improvements to be made.
(c) The resolution shall include a declaration that the use of the funds will not jeopardize any existing program of the county public library and that the funds are not needed for any existing or anticipated maintenance or operating purpose of the library.
(d) The governing board of any county library using funds as authorized in this section is authorized to enter into contracts or agreements necessary to accomplish the purposes of this section.
(e)(1) With respect to the purposes of this section, the governing board is authorized to accept gifts, grants, or donations of both real and personal property from the federal government or from any person, firm, or corporation.
(2) These gifts, grants, or donations shall be used for the purposes of the expansion or improvement of the public library.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 13-2-405
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:13-2-405
Source file: gov.ar.code.title.13.odt
Pages: Not recorded – Not recorded
Passage SHA-256: f0cb35d07afc750ea8a1f9e2934f251325cb738d1eaab7847cc30fa6db57624c
Source location: content.xml paragraph 446
Stored source content
13-2-405. Surplus funds — Matching funds.
(a) The governing board of any county public library is authorized to use any surplus funds available in the operating or maintenance account of the public library for matching federal or other funds available for financing necessary expansions or improvements of the public library.
(b) Before using any of the funds for the purposes of this section, the governing board of the county public library shall adopt a resolution setting forth the:
(1) Amount of the funds to be used;
(2) Purposes for which the funds are to be used;
(3) Amount of matching funds to be derived by the use of the funds; and
(4) Nature of the expansions or improvements to be made.
(c) The resolution shall include a declaration that the use of the funds will not jeopardize any existing program of the county public library and that the funds are not needed for any existing or anticipated maintenance or operating purpose of the library.
(d) The governing board of any county library using funds as authorized in this section is authorized to enter into contracts or agreements necessary to accomplish the purposes of this section.
(e)(1) With respect to the purposes of this section, the governing board is authorized to accept gifts, grants, or donations of both real and personal property from the federal government or from any person, firm, or corporation.
(2) These gifts, grants, or donations shall be used for the purposes of the expansion or improvement of the public library.
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