Any school district which receives bequests or gifts of money which is surplus money not required for the immediate necessities of the district may invest it pursuant to the provisions of this article.
Cal. Educ. Code § 41030
Foundation Fund
Enacted by Stats. 1976, Ch. 1010.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.