California Education Code

§ 48933

EDC § 48933 Effective Jan 1, 1993Div. 4 · Title 2 · Part 27 · Ch. 6 · Art. 2

Statute text

(a)The funds of any student body organization established in the public schools of any school district shall, subject to approval of the governing board of the school district, be deposited or invested in one or more of the following ways:

(1)Deposits in a bank or banks, or other institution, whose accounts are federally insured.

(2)Investment certificates or withdrawable shares in state-chartered savings and loan associations and savings accounts of federal savings and loan associations, provided those associations are doing business in this state and have their accounts insured by the Federal Savings and Loan Insurance Corporation.

…

Legislative history

Amended by Stats. 1992, Ch. 115, Sec. 3. Effective January 1, 1993.