Title 53A Chapter 23 Section 103

State System of Public Education
Building Reserve Fund
Section 103
Building Reserve Fund -- Investment of fund.

            

53A-23-103.   Building Reserve Fund -- Investment of fund.

            (1) The fund shall be known as the Building Reserve Fund of _________ (name of school district) School District.

            (2) Any interest or capital gains accrue to the benefit of the fund.

            (3) The fund may only be invested as provided in Title 51, Chapter 7, the State Money Management Act of 1974.


Enacted by Chapter 2, 1988 General Session