Home/California/Statutes/Code EDC: Education Code - EDC/Div.: 3./Title 2.: DIVISION 3. LOCAL ADMINISTRATION/Part 24.: PART 24. SCHOOL FINANCE/Ch. 1.: CHAPTER 1. State Financial Management and Control/Art. 3.: ARTICLE 3. Foundation Fund/§ 41031.
California Statutes

§ 41031. — 41031. (Amended by Stats. 2002, Ch. 1168, Sec. 12.)

California § 41031.
JurisdictionCalifornia
Code EDCEducation Code - EDC
Div.3.
Title 2.DIVISION 3. LOCAL ADMINISTRATION
Part 24.PART 24. SCHOOL FINANCE
Ch. 1.CHAPTER 1. State Financial Management and Control
Art. 3.ARTICLE 3. Foundation Fund

This text of California § 41031. (41031. (Amended by Stats. 2002, Ch. 1168, Sec. 12.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cal. Education Code - EDC Code § 41031. (2026).

Text

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 county treasury, to be designated as a Foundation Fund. If the gift or bequest of money is required to be used for specific purposes according to the terms of the gift or bequest, the governing board shall place the money in a separate account in the Foundation Fund, and may by resolution designate the separate account by the name that it shall be known, including in its name the term “Foundation Account.”

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Legislative History

Amended by Stats. 2002, Ch. 1168, Sec. 12. Effective September 30, 2002.
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California § 41031., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/EDC/41031..