279.42 - GIFTS TO SCHOOLS. - Iowa Statutes

279.42 GIFTS TO SCHOOLS. The board of directors of a school district which receives funds through gifts, devises, and bequests shall deposit these funds in a trust and agency fund and use them in accordance with the terms of the gift, devise, or bequest.          Section History: Early Form [C66, 71, 73, 75, 77, 79, 81, § 279.42]          Section History: Recent Form 94 Acts, ch 1029, §19 See also § 565.6