Md. Code Ann., Educ. § 5-305
Separate and independent accounting for public school construction money
Effective Apr 14, 1998Added by Acts 1978, c. 22, § 2, eff. July 1, 1978. Amended by Acts 1998, c. 36, § 1, eff. April 14, 1998.State of Maryland
(a) Each county board shall keep:
- (1) All money for the construction of public school buildings and public school facilities and the purchase of land for public schools in a separate account from that used for current expenses; and
- (2) A separate and independent accounting system for all public school construction money.
(b)
- (1) In Anne Arundel County, the county board may borrow from one fund to meet temporary cash requirements of another fund or to reimburse another fund for services performed.
- (2) This borrowing or reimbursement is subject to the county charter.
Added by Acts 1978, c. 22, § 2, eff. July 1, 1978. Amended by Acts 1998, c. 36, § 1, eff. April 14, 1998.
Formerly Art. 77, § 119.