CHAPTER 10. Revolving Funds, School Districts [42800. - 42850.]

Chapter 10 enacted by Stats. 1976, Ch. 1010.

§§ 42800–42850 · 20 sections

1. ARTICLE 1. Revolving Cash Fund §§ 42800–42806 · 8 sections

   • § 42800 (a) The governing board of a school district may, with the consent of the county superintendent of schools, establish a revolving cash fund for the use of the…
   • § 42801 (a) Except as otherwise provided in subdivision (b) of this section, the officer for whose use the revolving cash fund is created shall file with the governing…
   • § 42801.5 Notwithstanding the requirement to provide for indemnity bonds pursuant to Sections 42650 and 42801, the governing board of a school district may, in lieu…
   • § 42802 No bond shall be required when the revolving cash fund does not at any time exceed twenty-five dollars ($25).
   • § 42803 The governing board of the district shall draw an order, on the form and in the manner required by law for order, requisition, and warrant for the payment of…
   • § 42804 The person entrusted with the revolving fund shall not be authorized to expend any portion of the fund except for services or material, the securing or…
   • § 42805 The governing board of the district may at any time reduce or discontinue any revolving cash fund established by its order. Whenever the fund is ordered…
   • § 42806 The county superintendent of schools may, with the consent of the county board of education, establish a revolving cash fund for the use of the chief…
2. ARTICLE 2. Alternative Revolving Cash Fund § 42810 · 1 section

   • § 42810 In addition to establishing or maintaining a revolving cash fund under Article 1 (commencing with Section 42800), the governing board of any school district or…
3. ARTICLE 3. Prepayment Funds §§ 42820–42821 · 2 sections

   • § 42820 The governing board of any school district may establish a revolving cash fund in any bank or other institution whose deposits are federally insured, for the…
   • § 42821 The governing board of any school district that has established a revolving cash fund pursuant to Section 42820 shall designate a person or persons who shall…
4. ARTICLE 4. Revolving Warehouse Stock Funds §§ 42830–42833 · 4 sections

   • § 42830 The governing board of any elementary school district or high school district, may, if the school district maintains a stock of merchandise for school use,…
   • § 42831 Amounts expended from the revolving fund are restored thereto through payments into the revolving fund by warrants drawn on the various funds of the districts,…
   • § 42832 The revolving fund, when established, shall be used for the purchase of stores to be placed in stock and may be used for the payment of costs of receiving,…
   • § 42833 The revolving fund shall be kept by the county treasurer as a separate fund and shall be subject to such uses only as are provided by law.
5. ARTICLE 5. Special Reserve Fund §§ 42840–42843 · 4 sections

   • § 42840 The governing board of a school district may provide for the accumulation over a period of school years of funds for capital outlay purposes and salaries of…
   • § 42841 Upon the filing of identical copies of a resolution of the governing board with the superintendent of schools, auditor, and treasurer of the county specifying…
   • § 42842 (a) The governing board may expend the money in the special reserve fund for capital outlay for the purpose or purposes specified in any resolution filed…
   • § 42843 Any moneys remaining in the special reserve fund of the district shall be transferred to the general fund of the district by the auditor and treasurer upon…
6. ARTICLE 6. Retiree Benefit Funds § 42850 · 1 section

   • § 42850 The governing board of any school district may establish a fund for pension and other employee benefits to accumulate restricted moneys from salary reduction…