Arizona Laws 15-1323. Board of directors; fund; powers and duties
A. The board may bring actions and proceedings necessary to protect the interests of the schools. Such proceedings shall be instituted in the name of the Arizona state schools for the deaf and the blind.
Terms Used In Arizona Laws 15-1323
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Contract: A legal written agreement that becomes binding when signed.
- Schools: means the Arizona state schools for the deaf and the blind and includes programs and services offered for the deaf and the blind by the schools in conjunction with other educational institutions. See Arizona Laws 15-1301
- Trustee: A person or institution holding and administering property in trust.
B. The board shall be trustee of all donations of lands, monies or other things of value for the benefit of the schools. Notwithstanding title 35, chapters 1 and 2, the board may invest monies donated to the school through a contract with an investment specialist. The superintendent of the schools shall annually report to the board on the use of monies received as donations or income from donations.
C. The board shall maintain an enterprise fund in which shall be retained fees, rentals and other charges received for the use of school facilities for nonschool events.
D. The board shall:
1. Provide from the funds appropriated for the schools all the necessary staff, services, supplies and equipment.
2. Prescribe the system of records and accounts for the schools.
3. Cause to be kept a record of all important papers.
4. Cause to be kept a set of books and accounts that show every transaction made, every appropriation by the legislature for the schools, the purchase, storage and consumption of supplies for subsistence, construction and other purposes, receipts from all sources and all expenditures made.
E. Books and records of the schools shall be open to public inspection, unless otherwise restricted by law.