2001 Legislation
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SENATE BILL NO. 1155 – Library dist/capital improvmnt fund

SENATE BILL NO. 1155

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Daily Data Tracking History



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

Bill Text


                                                                        
                                                                        
  ||||              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 / Fiscal Impact


                      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