(1) The money in the fund shall accumulate from year to year.
(2) However, the local school board may make expenditures from the fund if public notice is given stating the purpose for which the expenditures are to be made.
(3) The procedure for giving public notice is set forth in Section 53G-7-303.
(4) Expenditures shall be made for capital outlay costs only.
(5) Money in the fund at the end of the year shall remain intact and may not be transferred to any other fund or used for any other purpose.