279.42 Gifts to schools.
61 words·~1 min read·
/ia/chapter-279-directors-powers-and-duties/279-42·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The board of directors of a school district that receives funds through a gift, devise, or bequest shall deposit the funds in a trust fund, permanent fund, or custodial fund and shall use the funds in accordance with the terms of the gift, devise, or bequest.
[C66, 71, 73, 75, 77, 79, 81, §279.42]
Gifts to governmental bodies, see also §565.6