California Education Code 18951 – All money acquired by gift, devise, bequest, or otherwise, for the …
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All money acquired by gift, devise, bequest, or otherwise, for the purposes of the library, shall be apportioned to a fund to be designated the library fund, and shall be applied to the purposes authorized in this chapter.
(Amended by Stats. 1977, Ch. 309.)
Terms Used In California Education Code 18951
- Bequest: Property gifted by will.
- Devise: To gift property by will.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.