Section 704 – Building Reserve Fund — Investment of fund.

• (1) The fund shall be known as the Building Reserve Fund of _________ (name of school district) School District.

• (2) Any interest or capital gains accrue to the benefit of the fund.

• (3) The fund may only be invested as provided in Title 51, Chapter 7, State Money Management Act of 1974.

Renumbered and Amended by Chapter 3, 2018 General Session