279.42 Gifts to schools.
The board of directors of a school district that receives funds through a gift, devise, or bequest shall deposit the funds in a trust fund, permanent fund, or custodial fund and shall use the funds in accordance with the terms of the gift, devise, or bequest.
[C66, 71, 73, 75, 77, 79, 81, §279.42]
94 Acts, ch 1029, §19; 2013 Acts, ch 88, §17; 2020 Acts, ch 1022, §4
See also §565.6
Section amended