California Education Code ARTICLE 3 - Foundation Fund

• Section 41030.
  Any school district which receives bequests or gifts of money which is surplus money not required for the immediate necessities of the district may invest...
• Section 41031.
  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...
• Section 41032.
  (a) The governing board of any school district may accept on behalf of, and in the name of, the district, gifts, donations, bequests, and devises that...
• Section 41033.
  The governing board of a school district which has placed funds in the Foundation Fund is hereby authorized to invest all or any part of...
• Section 41034.
  The governing board of a school district may deposit such securities, warrants, or instruments purchased under Section 41033 for safekeeping pursuant to Section 41016.(Enacted by...
• Section 41035.
  The governing board of a school district that invests money of the Foundation Fund pursuant to this article shall appoint an advisory committee equal in...
• Section 41036.
  The advisory committee shall advise the governing board as to the investments to be made pursuant to this article.(Enacted by Stats. 1976, Ch. 1010.)
• Section 41037.
  The governing board shall adopt rules and regulations to effectuate the purposes of this article, not inconsistent with law.(Enacted by Stats. 1976, Ch. 1010.)
• Section 41038.
  Except as may be otherwise provided in this article, other provisions of this chapter shall be applicable to the money placed in the Foundation Fund...

Last modified: October 22, 2018