Arizona § 15-204 Acceptance of gifts and grants; gifts and grants fund; use; unexpended monies

Arizona Statutes

§ 15-204 — Acceptance of gifts and grants; gifts and grants fund; use; unexpended monies

Arizona § 15-204

Title 15Arizona Revised Statutes

Ch. 2STATE GOVERNANCE OF SCHOOLS

Art. 1State Board of Education

This text of Arizona § 15-204 (Acceptance of gifts and grants; gifts and grants fund; use; unexpended monies) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 15-204 (2026).

Text

A.The state board of education may accept gifts or grants of monies or real or personal property from public and private organizations, if the purpose of the gift or grant specified by the donor is approved by the board and is within the scope of the board's powers and duties. There is established a fund for the placement of such monies which shall be designated as the gift and grant fund.

B.Any such monies received by the state board shall be placed in the appropriate gift and grant fund and expended for the purpose specified by the donor.

C.If all or part of the monies accepted by the board from a donor are not expended prior to the end of the fiscal year in which the gift or grant was accepted, the balance of the amount donated shall remain in the gift or grant fund until needed fo

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A. The state board of education may accept gifts or grants of monies or real or personal property from public and private organizations, if the purpose of the gift or grant specified by the donor is approved by the board and is within the scope of the board's powers and duties. There is established a fund for the placement of such monies which shall be designated as the gift and grant fund.

B. Any such monies received by the state board shall be placed in the appropriate gift and grant fund and expended for the purpose specified by the donor.

C. If all or part of the monies accepted by the board from a donor are not expended prior to the end of the fiscal year in which the gift or grant was accepted, the balance of the amount donated shall remain in the gift or grant fund until needed for the purpose specified by the donor.