Business & Non-Instructional Operations

3270-BP

 

USE OF FUNDS DERIVED FROM LEASE OR JOINT OCCUPANCY

DEVELOPMENT OF DISTRICT SURPLUS PROPERTY

 

It is the policy of the Board of Education to develop alternative sources of income to supplement the revenue limit allocation from state and local sources.

The superintendent is directed to develop and maintain a list of district properties which have lease or joint occupancy development potential. The list will be periodically reviewed by the board and projects authorized for lease/joint occupancy development.

Any funds derived from lease or joint occupancy development shall be restricted in the budget to capital outlay or deferred maintenance projects.

 

Legal Reference:

Education Code

Section 41003

Use of Funds from Rental or Lease of District Property

 

 

 

 

 

 

 

 

 

 

Policy adopted:

1/28/85