15-1124. Student activities revolving fund for
expenses
The governing board of a school district may, by resolution entered upon its
minutes, establish a revolving fund for the purpose of meeting necessary current expenses
connected with student activities as defined by this article. The amount of the
revolving fund shall be determined by the governing board which establishes the fund and
provision for its establishment shall be included in the budget. The amount of monies
provided in the revolving fund shall, at the end of each fiscal school year, be returned
to the credit of the school district and the fund reestablished as provided in this
section.
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