§ 12057 State Education Fund Custody

This law says the State Treasurer must take charge of and keep safe all money that is set aside for this article, including any future money and money that the State Board of Education gets under it.

Key Takeaways

•The Treasurer must receive any money set aside for this article.
•The Treasurer must keep that money safe and properly managed.
•This includes money that will be approved later and money the State Board of Education gets under the article.

Example

The state decides to give $5 million to improve school libraries, and the State Board of Education receives the money.

The Treasurer has to collect that $5 million and hold it safely until the schools can use it for the library upgrades.

The State Treasurer shall also receive and provide for the proper custody of all money appropriated by this article, of all money that may be hereafter appropriated for the purpose of carrying out the provisions of this article and of all money that may be received by the State Board of Education under the provisions of this article. (Enacted by Stats. 1976, Ch. 1010.)

This law says the State Treasurer must take charge of and keep safe all money that is set aside for this article, including any future money and money that the State Board of Education gets under it.

Key Takeaways

•The Treasurer must receive any money set aside for this article.
•The Treasurer must keep that money safe and properly managed.
•This includes money that will be approved later and money the State Board of Education gets under the article.

Example

The state decides to give $5 million to improve school libraries, and the State Board of Education receives the money.

The Treasurer has to collect that $5 million and hold it safely until the schools can use it for the library upgrades.

Key Takeaways

Example

Key Terms

References

§ 12057 State Education Fund Custody

Key Takeaways

Example

Key Terms

References

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References