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1998 SESSION

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SB 625 Funds from telephone service or credit cards.

Introduced by: Edward L. Schrock | all patrons    ...    notes | add to my profiles

SUMMARY:

Funds from telephone service or credit cards. Provides that any school board may enter into a contract with a commercial institution for the issuance of a telephone service or credit card that would bear the name of the school board. The contract shall provide that a portion or percentage of the revenue generated by the use of such card will be returned to the local governing body, to be placed in a fund for public school purposes, for subsequent appropriation to the school board. Any such appropriation shall supplement, not supplant, any local funding for educational purposes. The contract shall also (i) provide that the contract is not to be interpreted as authority to license the locality name or endorse commercial products in exchange for revenue and (ii) contain language indemnifying and protecting the locality from certain legal actions. School boards entering into such agreements shall follow all applicable budget and procurement regulations and other state and local laws.


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