54-24.2-03. Incentive for local funding

54-24.2-03. Incentive for local funding To provide for increased local funding, public libraries eligible to receive funds under section 54-24.2-02 shall have the funds allocated to them modified in accordance with the following formula: Cities levying 8.00 or more mills 150 percent of allocation 6.00 - 7.99 mills 125 percent of allocation 4.00 - 5.99 mills 100 percent of allocation 3.00 - 3.99 mills 75 percent of allocation 2.00 - 2.99 mills 50 percent of allocation 1.00 - 1.99 mills 33 percent of allocation 0.01 - 0.99 mills 25 percent of allocation 0.00 - mills 0 percent of allocation Counties levying 4.00 or more mills 150 percent of allocation 3.00 - 3.99 mills 125 percent of allocation 2.00 - 2.99 mills 100 percent of allocation 1.50 - 1.99 mills 75 percent of allocation 1.00 - 1.49 mills 50 percent of allocation 0.50 - 0.99 mills 33 percent of allocation 0.01 - 0.49 mills 25 percent of allocation 0.00 - mills 0 percent of allocation The computation of mills must be based upon: 1. The levy on the taxable valuation as certified by the county auditor to the tax commissioner. By May fifteenth of each year the tax commissioner shall provide the state library the certified taxable valuations; 2. The other public funds received and deposited in the library fund for the operation of the library by the governing body during the preceding fiscal year; and 3. Computation of the mill levy equivalent of other public funds as computed by the state library.