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Iowa Code § 279.42

Gifts to schools

Iowa · Iowa Code Chapter 279 — Directors — Powers and Duties · Status: effective

Education
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Iowa Code § 279.42, Gifts to schools, Iowa, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2238110
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The board of directors of a school district that receives funds through a gift, devise, or bequest shall deposit the funds in a trust fund, permanent fund, or custodial fund and shall use the funds in accordance with the terms of the gift, devise, or bequest.