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2013 SESSION

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HB 1558 Libraries; Town of Leesburg may by ordinance establish an endowment fund for supporting certain.

Introduced by: J. Randall Minchew | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Local endowment for certain libraries; Town of Leesburg. Provides that the Town of Leesburg by ordinance may establish an endowment fund for the purpose of supporting a library owned or operated by the town. The endowment may receive all gifts, grants, or contributions designated for inclusion in the endowment. No part of the endowment shall revert to the general fund of the town. The endowment shall be established and administered by the governing body of the town or by a nonprofit entity created or approved by the governing body for such purpose. This bill is identical to SB 890.


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