                                 CODE OF VIRGINIA

ACCOUNTS TO PURCHASE CERTAIN MATERIALS AND SUPPLIES (§ 22.1-122.1)

A school board, by resolution and subject to the approval of the governing body,
may establish accounts in each of its departments and schools committed solely
for the purchase of instructional materials and office supplies. The school
board may authorize the transfer of a percentage of the funds budgeted for a
school or division department, not to exceed thirty-five percent of the
allocation, into such account.
		Such account shall be managed by the principal of the school or head of the
division department who shall file a monthly accounting of the funds with the
division superintendent. No additional funds shall be transferred into any such
account unless the monthly accounting has been filed. The funds in the account
may be disbursed for payment of obligations by issuing a negotiable check signed
by the principal or head of the division department, and a second person to be
designated by the school board. At the close of the fiscal year, all funds
remaining in the accounts shall be returned to the school board simultaneously
with a full accounting of the disbursements. All such accounts shall be subject
to the requirements of § 15.2-2511 and relevant provisions of the Virginia
Public Procurement Act (§ 2.2-4300 et seq.).

HISTORY: 1989, c. 179; 1992, c. 175; 1999, c. 388.