KRS 171.027: Establishment of public library facilities construction fund -- Requirement

that department report assistance awards to Interim Joint Committee on

Appropriations and Revenue.

There is established a public library facilities construction fund to a ssist local libraries

with debt service payments for new library facilities and library improvements. The

Department for Libraries and Archives is authorized to enter into long -term written

memoranda of agreement with local libraries or other governing bod ies to assist in debt

service payments relating to library construction or renovation projects. The agreements

shall specify the rights, duties, and obligations of both the local public library, or other

governing body, and the department. The department s hall promulgate administrative

regulations to establish the application process, criteria for selecting projects for

assistance, a minimum level of local participation, and the process to be followed in the

construction of facilities. The department shall report assistance awards to the Interim

Joint Committee on Appropriations and Revenue within thirty (30) days of execution of

any memorandum of agreement.