§ 62-893. Use of funds.

(a)

The collecting and administering governmental units shall be entitled to up to but not more than five percent of the funds collected under this division to compensate them for the administrative expense of collecting the fee and administering this division. All remaining funds collected from library facilities impact fees shall be used for the purpose of capital improvements to library facilities under the jurisdiction of the county, and not for maintenance or operations. Such acquisitions and improvements shall be the type as are made necessary by new growth and development in the county.

(b)

Funds shall be used exclusively for capital improvements within the library facilities impact fee district from which the funds were collected. Funds shall be expended in the order in which they are collected.

(c)

Each fiscal period, the county manager shall present to the board of county commissioners a proposed capital improvement program for library facilities, assigning funds, including any accrued interest, from the library facilities impact fee trust fund to specific library facilities improvement projects and related expenses. Monies, including any accrued interest, not assigned in any fiscal period shall be retained in the library facilities impact fee trust funds until the next fiscal period, except as provided by the refund provisions of this division.

(Ord. No. 01-67, § 1, 10-30-01)