§ 16-1-15 — § 16-1-15. Restricted receipts.

§ 16-1-15. Restricted receipts.

There is hereby created a restricted receipt account with the department of elementary and secondary education for the purpose of receiving and expending monies from any other sources, public or private, limited to gifts, grants, and donations. The department shall deposit any revenues from such sources into the restricted receipt account to be used for the same educational purposes that its state appropriation is used, unless otherwise limited by any agreement to use such funds.

Legislative History

P.L. 2021, ch. 162, art. 2, § 1, effective July 6, 2021.