ARTICLE 3. Foundation Fund
Heading of Article 3 amended by Stats. 2002, Ch. 1168, Sec. 11.
§§ 41030–41038 · 9 sections
- § 41030 Any school district which receives bequests or gifts of money which is surplus money not required for the immediate necessities of the district may invest it…
- § 41031 Any gift or bequest of money which is to be invested pursuant to this article shall be placed in a district special fund in the county treasury, to be…
- § 41032 (a) The governing board of any school district may accept on behalf of, and in the name of, the district, gifts, donations, bequests, and devises that are made…
- § 41033 The governing board of a school district which has placed funds in the Foundation Fund is hereby authorized to invest all or any part of those funds as it…
- § 41034 The governing board of a school district may deposit such securities, warrants, or instruments purchased under Section 41033 for safekeeping pursuant to…
- § 41035 The governing board of a school district that invests money of the Foundation Fund pursuant to this article shall appoint an advisory committee equal in number…
- § 41036 The advisory committee shall advise the governing board as to the investments to be made pursuant to this article.
- § 41037 The governing board shall adopt rules and regulations to effectuate the purposes of this article, not inconsistent with law.
- § 41038 Except as may be otherwise provided in this article, other provisions of this chapter shall be applicable to the money placed in the Foundation Fund pursuant…