§ 21-13-306 — Foundation program account established; disposition of monies

(a) The public school foundation program account is
established to consist of funds appropriated to, or designated
to the account by law, or by gift from whatever source, for
distribution to districts in accordance with law.
(b) Within the limits of legislative appropriation, if
any, the resources of the public school foundation program
account shall be paid into the state treasury and shall be drawn
out and distributed to the districts in accordance with this
article upon certification of the state superintendent and upon
vouchers approved by the state auditor payable to the treasurer
of the several districts.
(c) Repealed by Laws 2017, ch. 205, § 2.