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S1155......................................by LOCAL GOVERNMENT AND TAXATION
LIBRARY DISTRICTS - Adds to existing law to authorize the board of trustees
of a library district to create a capital improvement reserve fund; to
provide uses of the fund; and to require reports and audits of the fund.
02/12 Senate intro - 1st rdg - to printing
02/13 Rpt prt - to Loc Gov
02/20 Rpt out - rec d/p - to 2nd rdg
02/21 2nd rdg - to 3rd rdg
02/26 3rd rdg - PASSED - 33-0-2
AYES -- Andreason, Boatright, Branch(Bartlett), Brandt, Bunderson,
Burtenshaw, Cameron, Danielson, Darrington, Deide, Dunklin, Frasure,
Geddes, Goedde, Hawkins, Ingram, Ipsen, Keough, Lee, Lodge, Noh,
Richardson, Risch, Sandy, Schroeder, Sims, Sorensen, Stegner,
Stennett, Thorne, Wheeler, Whitworth, Williams,
NAYS -- None
Absent and excused -- Davis, King-Barrutia
Floor Sponsor -- Wheeler
Title apvd - to House
02/27 House intro - 1st rdg - to Loc Gov
03/09 Rpt out - rec d/p - to 2nd rdg
03/12 2nd rdg - to 3rd rdg
03/14 Ret'd to Loc Gov
|||| LEGISLATURE OF THE STATE OF IDAHO ||||
Fifty-sixth Legislature First Regular Session - 2001
IN THE SENATE
SENATE BILL NO. 1155
BY LOCAL GOVERNMENT AND TAXATION COMMITTEE
1 AN ACT
2 RELATING TO LIBRARY DISTRICTS; AMENDING CHAPTER 27, TITLE 33, IDAHO CODE, BY
3 THE ADDITION OF A NEW SECTION 33-2730, IDAHO CODE, TO AUTHORIZE THE BOARD
4 OF TRUSTEES OF A LIBRARY DISTRICT TO CREATE A CAPITAL IMPROVEMENT RESERVE
5 FUND, TO PROVIDE USES OF THE FUND AND TO REQUIRE REPORT AND AUDIT OF THE
6 FUND.
7 Be It Enacted by the Legislature of the State of Idaho:
8 SECTION 1. That Chapter 27, Title 33, Idaho Code, be, and the same is
9 hereby amended by the addition thereto of a NEW SECTION, to be known and des-
10 ignated as Section 33-2730, Idaho Code, and to read as follows:
11 33-2730. CAPITAL IMPROVEMENT RESERVE FUND. The board of trustees of a
12 library district may create and establish a capital improvement reserve fund
13 within the library district budget. In any single year, not more than five
14 percent (5%) of the total library district budget may be dedicated to the cap-
15 ital improvement reserve fund, excluding gifts, grants or refunds which may be
16 placed in the fund at any time. Disbursements from the fund may be made from
17 time to time as the board may determine for purposes associated with capital
18 improvements of the property of the district to include, but not be limited
19 to: to acquire, purchase or improve a library site; to demolish or remove
20 buildings; to add to, remodel or repair any existing building; to furnish and
21 equip any building, including lighting, heating, ventilation and sanitation
22 facilities; and appliances necessary to maintain and operate the buildings of
23 the district. Moneys in the fund may be invested in the manner provided in
24 section 57-127, Idaho Code. In any year in which there is a capital improve-
25 ment reserve fund in a library district, the fund shall be included in the
26 annual report filed with the state library board and in the audit required in
27 section 33-2726, Idaho Code.
STATEMENT OF PURPOSE
RS 10995C1
This proposed addition to Title 33, Chapter 27 of the Idaho Code
authorizes a library district to establish a capital improvement
reserve fund. In the absence of such authority, library districts
are severely restricted in their ability to afford any but
minimal repairs to existing facilities.
Good business practices would indicate that modest accumulations
authorized in this new section would allow for the financing of
adjacent property for future expansion, parking and other capital
improvements. Library districts are only authorized to levy .06%
for their maintenance and operation. This would allow 5% of that
amount to be reserved and accumulated in anticipation of future
capital improvements.
FISCAL IMPACT
There would be no fiscal impact on any state funds. There is a
potential for modest increases under the levy cap to the extent
that the elected board chooses to exercise the provisions of this
section.
Contact
Name: John Watts 385 7070
Phone: Sen. "Moon" Wheeler 332-1409
STATEMENT OF PURPOSE/FISCAL NOTE S 1155 S 115