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Maine Revised Statutes Title 27. Libraries, History, Culture and Art § 4-A. Revolving Fund

Current as of January 01, 2025 | Updated by Findlaw Staff

1. Fund created. There is established within the Maine State Library a revolving fund for use by the library to replace books, documents or other materials that are damaged, lost or unrecoverable for which a charge is made.

2. Price and rates. The State Librarian is authorized to fix the value of library items at current replacement costs plus a reasonable amount incurred in recovering these items.

3. Income. Income received from subsection 2 shall be credited to the revolving fund to be used as a continuing carrying account to carry out the purposes of subsection 1.

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Cite this article: FindLaw.com - Maine Revised Statutes Title 27. Libraries, History, Culture and Art § 4-A. Revolving Fund - last updated January 01, 2025 | https://codes.findlaw.com/me/title-27-libraries-history-culture-and-art/me-rev-st-tit-27-sect-4-a/

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