Virginia Administrative Code (Last Updated: January 10, 2017) |
Title 8. Education |
Agency 20. State Board of Education |
Chapter 240. Regulations Governing School Activity Funds |
Section 10. Classification; responsibility for administration of regulations, exclusion of specific funds
Latest version.
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All funds derived from extracurricular school activities, such as entertainment, athletic contest, cafeteria, club dues, etc., and from any and all activities of the school involving personnel, students, or property are by this chapter classified as school activity funds (internal accounts). The local school boards shall be responsible for the administration of this chapter in the schools under their control and may determine which funds in any school may be excluded from those subject to this chapter. (Funds defined by law as public funds are not subject to this chapter and are to be handled as provided by law.)
Historical Notes
Derived from VR270-01-0023 § 1, eff. September 1, 1980.