53G-4-702. School board reserve fund.
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Effective 1/24/2018
53G-4-702. School board reserve fund.
Each local school board may establish and maintain a reserve fund to accumulate funds to meet the capital outlay costs of the school district, including costs for planning, constructing, replacing, improving, equipping, and furnishing school buildings and purchasing school sites.
Renumbered and Amended by Chapter 3 , 2018 General Session