Montana Statutes
§ 22-1-716 — Library Depreciation Reserve Fund
22-1-716 . Library depreciation reserve fund.
(1)The trustees of a public library district may establish a library depreciation reserve fund for the replacement and acquisition of property, capital improvements, and equipment necessary to maintain and improve district library services.
(2)Money for the library depreciation reserve fund is those funds that have been allocated for district library services in any year but which have not been expended by the end of the year. The money includes but is not limited to county appropriations, federal reserve sharing funds, and public and private grants.
(3)The money held in the library depreciation reserve fund may be invested as provided by law. All interest earned on the fund must be credited to the library depreciation reserve fund.
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Legislative History
En. Secs. 7, 8, 9, Ch. 203, L. 2005.
Nearby Sections
15
§ 22-1-101
State Library Commission Established§ 22-1-102
Librarian And Assistants§ 22-1-103
State Library Commission -- Authority§ 22-1-1101
Short Title§ 22-1-1102
Definitions§ 22-1-1103
Nondisclosure Of Library Records§ 22-1-1104
Through 22-1-1110 Reserved§ 22-1-1111
Penalty§ 22-1-201
State Library Authorized§ 22-1-202
Basic Library Services Account§ 22-1-204
Through 22-1-210 Reserved§ 22-1-211
Definitions