Virginia Code 22.1-91: Limitation on expenditures; penalty.
Current as of: 2024 | Check for updates
|
Other versions
No school board shall expend or contract to expend, in any fiscal year, any sum of money in excess of the funds available for school purposes for that fiscal year without the consent of the governing body or bodies appropriating funds to the school board. Any member of a school board or any division superintendent or other school officer violating, causing to be violated or voting to violate any provision of this section shall be guilty of malfeasance in office.
Terms Used In Virginia Code 22.1-91
- Contract: A legal written agreement that becomes binding when signed.
- Division superintendent: means the division superintendent of schools of a school division. See Virginia Code 22.1-1
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- School board: means the school board that governs a school division. See Virginia Code 22.1-1
Code 1950, § 22-120; 1980, c. 559.