40:54-8.1 Limitation on increase in amount raised by taxation.
5.Any increase in the amount raised by taxation for the municipal library as required by R.S.40:54-8 shall not exceed the total amount expended by the municipality in the previous year plus 15% of the previous year's total expenditures for the maintenance of a free public library; except that the State Librarian is authorized to approve additional appropriations to any municipality that requests to appropriate an amount in excess of 15% of the previous year's total library expenditures.
L.1985,c.541,s.5; amended 2001, c.137, s.53.
Section: Previous 40-54-3 40-54-4 40-54-5 40-54-6 40-54-7 40-54-7.1 40-54-8 40-54-8.1 40-54-9 40-54-10 40-54-11 40-54-12 40-54-12.1 40-54-12.2 40-54-13 Next
Last modified: October 11, 2016