A. Monies received as a result of renting or leasing any building or structure or any portion thereof, located on any county fairground which the county received as a gift from an individual citizen who was a resident of the county may be used by the county fair board for maintenance and repair of such originally donated building.
B. The receipts shall not be subject to fiscal year cancellations but may be retained in a proper account from year to year up to a maximum of a Fifteen Thousand Dollar ($15,000.00) balance.
C. Any amount of a balance over Fifteen Thousand Dollars ($15,000.00) at the end of each fiscal year which has been derived from such rental or lease contract shall be transferred to the county general fund.
Added by Laws 1963, c. 172, § 1, emerg. eff. June 6, 1963. Amended by Laws 1980, c. 40, § 1, emerg. eff. March 26, 1980; Laws 2001, c. 146, § 215, emerg. eff. April 30, 2001. Renumbered from § 119 of this title by Laws 2001, c. 146, § 269, emerg. eff. April 30, 2001.