Sec. 33. Policies for:
(1) all loans including, at its discretion, the imposition of fines on borrowers for violation of the policies;
(2) fees for lost or damaged materials; and
(3) the imposition of fees for third party use of materials for which the state library owns the copyright;
shall be established by the board. All funds accruing from fines and fees imposed under this section must be deposited in the state library publications fund.