1. The board of county commissioners may, by resolution, authorize the expenditure of county money for the construction, reconstruction, improvement or repair of any recreational or cultural facility the title to which is held by: (a) An incorporated city located within the county; or (b) A school district located within the county, if the board of county commissioners has entered into an interlocal agreement with the school district which provides for the construction, reconstruction, improvement or repair of the facility. 2. Each such resolution must: (a) Describe the facility for which the money is to be expended. (b) Specify the maximum amount of money to be expended and the terms upon which it is to be expended. (c) Contain a finding by the board of county commissioners that a substantial benefit will be derived by the inhabitants of the county as a whole by the expenditure of such money. 3. As used in this section, cultural facility includes a library.
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