The book School Law Bulletin [serial] 17, 2 (Spring 1986) was written by author Open Content Alliance Here you can read free online of School Law Bulletin [serial] 17, 2 (Spring 1986) book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is School Law Bulletin [serial] 17, 2 (Spring 1986) a good or bad book?
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20 D SCHOOL LAW BULLETIN Some states, like North Carolina, have laws or regula- tions that dictate how school activity funds shall be man- aged and controlled.'^ Many states require that school ac- tivity funds be audited each year. '* North Carolina further requires that the local school board appoint a treasurer at each school to keep a complete record of all "special funds." These "special funds" must be deposited in an official school bank account on which only the principal and the treasur...er may draw checks. •'^ For North Carolina purposes, the term "special funds" is defined by means of illustrations as "funds realized from gate receipts from interscholastic athletic com- petition, sale of school annuals and newspapers and dues of student organizations [emphasis added]."'* In the absence of state statutes or regulations, some state courts have concluded that the funds raised by student clubs and other forms of extra-class activities are public or quasi- public funds subject to the supervision and control of local boards of education.
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