This bill amends Section 298A.8 of the Code of Iowa to establish a new provision regarding the handling of moneys in school district student activity funds. Specifically, it states that these funds shall not revert to the general fund of the school corporation until the end of the fiscal year in which the funds were deposited.

The intent of this legislation is to provide greater flexibility for school districts in managing their student activity funds, allowing them to retain these resources for a longer period before they are transferred back to the general fund. This change aims to support student activities and programs by ensuring that funds remain available for their intended purposes throughout the fiscal year.

Statutes affected:
Introduced: 298A.8