The revenue derived from the tax, together with all money acquired by gift, devise, bequest, or otherwise for the purposes of the library, shall be paid into the county treasury to the credit of the library fund of the district in which the tax was collected, subject only to the order of the library trustees of the district.
Article 10Tax Levy
Section § 18493
This law states that any money collected from taxes or received through gifts or other means for library purposes must be deposited into the county treasury. This money is credited to the library fund of the specific district where the tax was collected. However, it can only be accessed with the approval of the library's board of trustees for that district.
library fund county treasury library trustees district tax gift revenue devise bequest library district tax revenue money allocation fund management financial administration trustee approval district-specific library purposes
Section § 18494
This law section states that if a payment to the treasury doesn't align with the terms of a gift, will, or donation meant for a library, the library trustees must make sure the money is kept safe and used according to those specific terms.
If the payment into the treasury is inconsistent with the terms or conditions of any gift, devise, or bequest, the board of library trustees shall provide for the safety and preservation of the fund, and the application thereof to the use of the library, in accordance with the terms and conditions of the gift, devise, or bequest.
library trustees gift terms bequest conditions fund preservation safety of funds devise use of library donation conditions treasury payment gift compliance application of funds library fund management library preservation trustee responsibilities
