2005 California Education Code Sections 41000-41003 Article 1. Moneys Received by School Districts

41000.  No assessor, tax collector, city, city and county, or county
treasurer shall charge or receive any fees or compensation for
assessing, collecting, receiving, keeping, or disbursing any school
moneys, but the whole moneys collected shall be paid to the city,
city and county, or county treasurer.
41001.  The governing board of every school district shall pay all
moneys received or collected by it from any source and all moneys
apportioned to it from taxes levied and collected under the authority
of city councils for school purposes, into the county treasury to be
placed to the credit of the proper fund of its district.  All money
collected by the city council or other governing body of any
municipality from taxes levied for school purposes when received
shall be paid into the county treasury to the credit of the school
district for the schools of which the taxes were levied.  All
deposits and payments required by this section shall be made daily,
unless the county superintendent of schools authorizes them to be
made weekly or otherwise, but in no event less frequently than
monthly.
41002.  All moneys received by any school district or paid into the
county or  city and county treasury to the credit of the district
from state apportionments, county, district or municipal taxes, other
than moneys required to be placed in a separate fund of the school
district, shall be deposited in the general fund of the district,
which fund shall be in existence in each county and city and county
treasury.
   Nothing in this section shall be construed as discontinuing, nor
as affecting the disposition of moneys in any of the separate funds
of the school districts legally created or established in law.
41002.5.  Notwithstanding Sections 41001 and 41002, money received
from the sources, or for the purposes listed in subdivisions (a) to
(h), inclusive, may be deposited in a bank or other financial
institution whose accounts are federally insured.  Any money so
deposited shall be in an account or accounts fully covered by that
insurance:
   (a) Funds received for the purpose of making loans, scholarships,
or grants to students in, or graduates of, a school under the
jurisdiction of the governing  board of the district.
   (b) Funds received for the sale of food or other services
performed by one or  more cafeterias established in the schools of
the district.
   (c) Funds received from the sale of produce, livestock, and other
products of one or more school farms established in the district.
   (d) Clearing accounts established pursuant to Section 41017.
   (e) Funds of a student body organization.
   (f) Funds in a revolving cash fund established pursuant to Section
42820.
   (g) Funds for community recreation programs established pursuant
to Chapter 10 (commencing with Section 10900) of Part 7.
   (h) Funds that, pursuant to any other law or provision of the
California School Accounting Manual, may be deposited in a bank or
other federally insured financial institution in lieu of the county
treasury.
41003.  The governing board of a school district may, by resolution,
specify the particular fund or funds maintained for the district
into which shall be deposited moneys received for the rental or lease
of real property.