Download Zipped Introduced WordPerfect HB0112.ZIP
[Status][Bill Documents][Fiscal Note][Bills Directory]

H.B. 112






Chief Sponsor: Sheryl L. Allen

Senate Sponsor: Dan R. Eastman

             8      LONG TITLE
             9      General Description:
             10          This bill modifies provisions of the State System of Public Education relating to the
             11      financial accountability of school district foundations.
             12      Highlighted Provisions:
             13          This bill:
             14          .    requires school district foundations to report certain financial information to
             15      schools;
             16          .    requires a local school board that establishes a foundation to require the foundation
             17      to follow certain accounting, purchasing, and check issuance policies; and
             18          .    makes technical corrections.
             19      Monies Appropriated in this Bill:
             20          None
             21      Other Special Clauses:
             22          None
             23      Utah Code Sections Affected:
             24      AMENDS:
             25          53A-4-205, as last amended by Laws of Utah 1999, Chapter 225
             27      Be it enacted by the Legislature of the state of Utah:

             28          Section 1. Section 53A-4-205 is amended to read:
             29           53A-4-205. Establishment of public education foundations -- Powers and duties --
             30      Tax exempt status.
             31          (1) State and local school boards may establish foundations to:
             32          (a) assist in the development and implementation of the programs authorized under this
             33      part to promote educational excellence; and
             34          (b) assist in the accomplishment of other education-related objectives.
             35          (2) A foundation established under Subsection (1):
             36          (a) may solicit and receive contributions from private enterprises for the purpose of this
             37      part;
             38          (b) shall comply with Title 51, Chapter 7, State Money Management Act, and rules
             39      made under the act;
             40          (c) has no power or authority to incur contractual obligations or liabilities that
             41      constitute a claim against public funds except as provided in this section;
             42          (d) may not exercise executive, administrative, or rulemaking authority over the
             43      programs referred to in this part, except to the extent specifically authorized by the responsible
             44      school board;
             45          (e) is exempt from all taxes levied by the state or any of its political subdivisions with
             46      respect to activities conducted under this part; [and]
             47          (f) may participate in the Risk Management Fund under Section 63A-4-204 [.];
             48          (g) shall provide a school with information detailing transactions and balances of funds
             49      managed for that school; and
             50          (h) shall, for foundation accounts from which monies are distributed to schools,
             51      provide all the schools within a school district information that:
             52          (i) details account transactions; and
             53          (ii) shows available balances in the accounts.
             54          (3) A local school board that establishes a foundation under Subsection (1) shall:
             55          (a) require the foundation to:
             56          (i) use the school district's accounting system; or
             57          (ii) follow written accounting policies established by the board;
             58          (b) review and approve the foundation's accounting, purchasing, and check issuance

             59      policies to ensure that there is an adequate separation of responsibilities; and
             60          (c) approve procedures to verify that issued foundation payments have been properly
             61      approved.

Legislative Review Note
    as of 1-3-08 10:58 AM

Office of Legislative Research and General Counsel

[Bill Documents][Bills Directory]