Title 36, Chapter 34, Section 5.1
( 36-34-5.1)
Notwithstanding any provision of law to the contrary, each municipal
corporation of this state is authorized, in the discretion of its
governing authority, to enter into valid and binding lease
agreements with nonprofit corporations, classified as public
foundations (not private foundations) under the United States
Internal Revenue Code, for the stated purpose of providing library
services for any period of time not to exceed 15 years. |