The Arizona Revised Statutes have been updated to include the revised sections from the 54th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 54th Legislature, 2nd Regular Session, which convenes in January 2020.
This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
A. The governing board shall deposit in a separate bank account grants or gifts that are less than one thousand five hundred dollars and designated for use by a teacher for instructional purposes if the governing board does not deposit the grant or gift as prescribed in section 15-341, subsection A, paragraph 14.
B. A separate record shall be maintained for each grant or gift deposited in the bank account.
C. Disbursements from the bank account shall be by check signed by two employees of the school district appointed by the governing board and shall be authorized by the teacher designated to use the grant or gift as provided in the uniform system of financial records.
D. If any of the monies are not spent before the end of the fiscal year in which the gift or grant was accepted, the balance of the monies shall remain in the bank account until needed for instructional purposes as designated by the teacher, or determined by the grantor.