Use of income received by school.

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All income that the school receives from the sale of timber or farm products and from programs and events held on campus must be used for the construction, erection, and building of permanent improvements at the school and for maintaining and equipping of capital improvements.

HISTORY: 1962 Code Section 22-512; 1952 Code Section 22-512; 1950 (46) 1878; 2020 Act No. 164 (S.613), Section 16, eff September 28, 2020.

Effect of Amendment

2020 Act No. 164, Section 16, rewrote the section.


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