Unemployment compensation monies shall be deposited with the county treasurer who shall credit the deposits to the unemployment compensation fund of the respective school district. The unemployment compensation fund of a school district is a continuing fund not subject to reversion, except that any monies in the fund determined by the governing board, or the superintendent or chief administrative officer with the approval of the governing board, to be in excess of insurance needs shall be used for reduction of school district taxes for the budget year.

Terms Used In Arizona Laws 15-1104

  • Budget year: means the fiscal year for which the school district is budgeting and that immediately follows the current year. See Arizona Laws 15-901
  • Governing board: means a body organized for the government and management of the schools within a school district or a county school superintendent in the conduct of an accommodation school. See Arizona Laws 15-101
  • School district: means a political subdivision of this state with geographic boundaries organized for the purpose of the administration, support and maintenance of the public schools or an accommodation school. See Arizona Laws 15-101
  • Subject: means a division or field of organized knowledge, such as English or mathematics, or a selection from an organized body of knowledge for a course or teaching unit, such as the English novel or elementary algebra. See Arizona Laws 15-101
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