California Education Code 19475 – 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 paid into the county treasury to the credit of the library fund of the district, subject only to the order of the library trustees of the district.
(Enacted by Stats. 1976, Ch. 1010.)
Terms Used In California Education Code 19475
- 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.