A bill recently approved by the legislature, AB 224, authorizes school boards and school libraries to transfer an unrestricted gift or grant to certain charitable organizations, such as a school foundation or a community foundation. The bill, introduced by Rep. Dean Kaufert (R-Neenah) awaits the governor's signature to become law.
WLA also supported an earlier bill that would give public libraries the same authority to transfer gifts and grants to a library-related foundation or friends group. AB 224 would clarify that public libraries may also transfer this type of funding to a community foundation. The money must be used for a library-related purpose - or in the case of a transfer by a school, for a school-related purpose.
The bill would provide more flexibility to schools and libraries in the management and investment of such funds. WLA urges Governor Walker to sign the bill.
Posts
11 hours ago
No comments:
Post a Comment