                                 CODE OF VIRGINIA

PETTY CASH FUNDS; PAYMENT OF CLAIMS FROM PETTY CASH (§ 22.1-123)

Any school board may by resolution establish one or more petty cash funds, not
exceeding $2,000 each, for the payment of claims arising from commitments made
pursuant to provisions of law.
		A school board may appoint an agent or other person who shall be authorized
only to approve payment of claims arising from commitments made pursuant to
provisions of law from such petty cash funds as may be established by the school
board. Any agent or person into whose hands any such fund is placed may pay such
claims therefrom without necessity of prior receipt and audit of the claims by
the school board and without approval and issuance of the warrant of the school
board.
		The clerk of the school board shall report this action to the school board or
to any appointed agent of the school board for approval and reimbursement at
least within thirty days of the month following the month in which any claim has
been paid.
		Any agent or person into whose hands such fund is placed shall give bond with
surety in the amount of $4,000, provided that additional bond shall not be
required of any agent or person already bonded in the required amount.

HISTORY: Code 1950, § 22-74; 1972, c. 462; 1976, c. 18; 1980, c. 559; 1985, c.
194; 1991, c. 386; 1994, c. 55.