Arkansas Statutes

§ 13-2-504 — Surplus funds - Matching funds

Arkansas § 13-2-504

This text of Arkansas § 13-2-504 (Surplus funds - Matching funds) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ark. Code Ann. § 13-2-504 (2026).

Text

(a)The board of trustees of any city public library is authorized to use any surplus funds available in the operating or maintenance account of the library for matching federal or other funds available for financing necessary expansions or improvements of the library.
(b)Before using any of the funds for the purposes of this section, the board shall adopt a resolution setting forth the amount of the funds to be used, the purposes for which the funds are to be used, the amount of matching funds to be derived by the use of the funds, and the 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 library and that the funds are not needed for any existing or anticipated main

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Legislative History

Acts 1965, No. 402, § 1; A.S.A. 1947, § 19-3205.1.

Nearby Sections

15
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Bluebook (online)
Arkansas § 13-2-504, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/13-2-504.