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
  1. (a) Each county board shall keep:

    1. (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. (2) A separate and independent accounting system for all public school construction money.
  2. (b)

    1. (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. (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.

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