Iowa Code § 279.42
Gifts to schools
Redline — January 1, 2015 → current.View current text →
Current — January 1, 2025
As of January 1, 2015
The board of directors of a school district that receives funds through a gift, devise, or bequest shall deposit the funds in a trust fund, permanent fund, or agency fund and shall use the funds in accordance with the terms of the gift, devise, or bequest.
The board of directors of a school district that receives funds through a gift, devise, or bequest shall deposit the funds in a trust fund, permanent fund, or custodial fund and shall use the funds in accordance with the terms of the gift, devise, or bequest.
94 Acts, ch 1029, §19; 2013 Acts, ch 88, §17
94 Acts, ch 1029, §19; 2013 Acts, ch 88, §17; 2020 Acts, ch 1022, §4
See also §565.6
Gifts to governmental bodies, see also §565.6
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.