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704.4 GIFTS - GRANTS - BEQUESTS

The board believes gifts, grants, and bequests to the school district may be accepted when they will further the interests of the school district. The board will have sole authority to determine whether the gift furthers the interests of the school district.

Gifts, grants, and bequests are approved by the board. Once the Board has approved it, a board member or the superintendent may accept the gift on behalf of the school district.

Gifts, grants, and bequests once accepted on behalf of the school district shall become the property of the school district. Gifts, grants, and bequests shall be administered in accordance with terms, if any, agreed to by the Board.

 

Legal Reference:        

     Iowa Code 279.42; 565.6

Cross Reference:

     217 Gifts of Board of Directors

     402.4   Gifts to Employees

     508.1  Class of Student Gifts

Approved:  11/9/1981                                      Reviewed: 10/12/2020                                      Revised:  10/12/2020