72-6428. Transfers from general fund authorized; conditions; limitations.
72-6428
72-6428. Transfers from general fund authorized;conditions;limitations.(a) Any lawful transfer of moneys from the general fund of a district to anyother fund shall be an operating expense in the year the transfer is made. Theboard of any district may transfer moneys from the general fund to anycategorical fund of the district in any school year. The board of any districtmay transfer moneys from the general fund to any program weighted fund of thedistrict, subject to the following conditions:
(1) No board shall transfer moneys in any amount from the general fund to aprogram weighted fund prior to maturation of the obligation of the fundnecessitating the transfer.
(2) The board may transfer moneys in an amount not to exceed the amount ofthe obligation of the program weighted fund necessitating the transfer.
(b) The board of any district may transfer moneys from the general fundto the contingency reserve fund of the district,subject tothe limitations imposed upon the amount authorized to be maintained in thecontingency reserve fund under K.S.A. 72-6426, and amendments thereto.
(c) The board of any district may transfer moneys from thegeneral fund to the capital outlay fund of the district.
(d) The board of any district may transfer moneys from the general fund tothe special reserve fund.
(e) The board of any district may transfer moneys from the general fund tothe special liability expense fund.
(f) The board of any district may transfer moneys from the general fund tothe textbook and student materials revolving fund.
History: L. 1992, ch. 280, § 24;L. 2003, ch. 116, § 10; July 1.