TITLE 2. ELEMENTARY AND SECONDARY EDUCATION 33000-64100›DIVISION 3. LOCAL ADMINISTRATION 35000-45500›PART 24. SCHOOL FINANCE 41000-43052›CHAPTER 10. Revolving Funds, School Districts 42800-42850›ARTICLE 5. Special Reserve Fund 42840-42843
§ 42840
California Education Code · 2020-11 edition · updated 2026-10-04 · California
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.
(Amended by Stats. 1987, Ch. 917, Sec. 26.)
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