Statute · California Education Code
Cal. Educ. Code § 42840 — Special Reserve Fund
Cal. Educ. Code § 42840
- Type
- Statute
- Source
- California Education Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The governing board of a school district may provide for the accumulation over a period of school years of funds for capital outlay purposes and salaries of school district employees whose work is directly related to projects financed by those funds, derived from the receipt of taxes levied for…
Citator
Cal. Educ. Code § 42840 — Special Reserve Fund is in force in the current edition of the Code, and nothing recorded condemns it.
The governing board of a school district may provide for the accumulation over a period of school years of funds for capital outlay purposes and salaries of school district employees whose work is directly related to projects financed by those funds, derived from the receipt of taxes levied for the district and from other sources including balances, and not required to be used for other than capital outlay purposes.
The governing board of a school district may also provide for the accumulation over a period of school years of funds for other than capital outlay purposes, derived from the receipt of taxes levied for the district and from other sources including balances, and not required to be used for capital outlay purposes.