[§302A-1151.2] School facilities subaccount. (a) All proceeds from the leases, permits, interest income generated from public school lands, and other revenue generated from the nonpermanent disposition of public school lands, including facilities, pursuant to section 302A-1151.1 shall be deposited into the school facilities subaccount established pursuant to section 302A-1148(b).
(b) Except as otherwise provided, all moneys in the school facilities subaccount shall be used exclusively for the new construction and upgrade of twenty-first century school facilities, as well as the repair and maintenance of existing school facilities. [L 2013, c 155, pt of §2]
Section: Previous 302a-1148 302a-1148.5 302a-1149 302a-1149.5 302a-1150 302a-1151 302a-1151.1 302a-1151.2 302a-1151.5 302a-1151.6 302a-1152 302a-1153 302a-1154 302a-1155 302a-1156 NextLast modified: October 27, 2016