N.J. Admin. Code § 15:22-1.13

Current through Register Vol. 56, No. 24, December 18, 2024

Section 15:22-1.13 - Dissolution of the library cooperative

(a) The library cooperative may submit an application for dissolution to the State Librarian when:

1. The council of members receives a resolution for dissolution from the executive board; or

2. A petition to dissolve is signed by 40 percent of the council of members of the library cooperative; and

3. A majority of the council of members approve the dissolution.

(b) The application shall include a plan providing for the payment of all outstanding debts and describing how the obligations of the library cooperative will be liquidated.

(c) Upon receipt of the application, the State Librarian shall:

1. Determine if the area of service can be allocated to another library cooperative;

2. Determine whether the assets and liabilities of the library cooperative can be assumed and absorbed by another library cooperative;

3. Take into consideration any other factors that relate to the operation and function of the library cooperative.

(d) If the State Librarian determines that the library cooperative must be liquidated and approves the plan for dissolution, the dissolution shall take effect when all the legal and fiscal obligations of the library cooperative have been satisfied.

(e) The duly established and designated library cooperative shall remain in existence until such time as the State Librarian either revokes its designation as the library cooperative as specified in (e)1 below or approves a plan for dissolution of the library cooperative.

1. Revocation of designation as the library cooperative will occur when the appeals and hearing process specified in N.J.A.C. 15:22-1.18has been completed and the library cooperative's three-year plan, annual revision of the three-year plan, annual program, or annual budget are not approved by the State Librarian due to noncompliance with the provisions of N.J.A.C. 15:22-1.11.

2. Upon revocation of the designation as the library cooperative the State Librarian will determine whether the assets and liabilities of the library cooperative can be assumed and absorbed by a new library cooperative, and will take into consideration any other factors that relate to the operation and function of the library cooperative.

N.J. Admin. Code § 15:22-1.13

Adopted by 50 N.J.R. 2070(a), effective 10/1/2018