Statute · California Education Code
Cal. Educ. Code § 41031 — Foundation Fund
Cal. Educ. Code § 41031
- Type
- Statute
- Source
- California Education Code
- Jurisdiction
- California
- Date
- 2002-09-30
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Any gift or bequest of money which is to be invested pursuant to this article shall be placed in a district special fund in the county treasury, to be designated as a Foundation Fund. If the gift or bequest of money is required to be used for specific purposes according to the terms of the gift…
Citator
Cal. Educ. Code § 41031 — Foundation Fund is in force in the current edition of the Code, and nothing recorded condemns it.
Any gift or bequest of money which is to be invested pursuant to this article shall be placed in a district special fund in the county treasury, to be designated as a Foundation Fund. If the gift or bequest of money is required to be used for specific purposes according to the terms of the gift or bequest, the governing board shall place the money in a separate account in the Foundation Fund, and may by resolution designate the separate account by the name that it shall be known, including in its name the term “Foundation Account.”