72-8250. Textbook and student materials revolving fund; uses of money.
72-8250
72-8250. Textbook and student materials revolvingfund; uses of money.(a) There is hereby established in every school district atextbook and student materials revolving fund. Moneys in such fund shall beused to:
(1) Purchase any items designated inK.S.A. 72-5389, and amendments thereto;
(2) pay the cost of materials or other items used in curricular,extracurricular or otherschool-related activities; and
(3) purchase textbooks as authorized by K.S.A. 72-4141, and amendmentsthereto.
(b) Any balance remaining in the textbook and student materials revolvingfund at the end of the budget year shall be carried forward into that fund forsucceeding budget years. Such fund shall not be subject to the provisions ofK.S.A. 79-2925 through 79-2937, and amendments thereto. In preparing the budgetof such school district, the amounts credited to and the amount on hand in thetextbook and student materials revolving fund, and the amount expendedtherefrom shall be included in the annual budget for the information of theresidents of the school district. Interest earned on the investment of moneysin any such fund shall be credited to that fund.
History: L. 2003, ch. 116, § 3; July 1.