2009 California Education Code - Section 42810 :: Article 2. Alternative Revolving Cash Fund

42810.  In addition to establishing or maintaining a revolving cash
fund under Article 1 (commencing with Section 42800), the governing
board of any school district or any county superintendent of schools
may, by resolution, establish revolving cash funds for use by school
principals and other administrative officials designated by the
governing board and acting in accordance with regulations prescribed
by the governing board, for services or materiel and for the purposes
specified in Section 45167. The resolution shall set forth the
necessity for the revolving cash funds, the principals of schools and
other administrative officials of the school district designated by
the governing board, the purposes for which the revolving cash funds
shall be made available, and the amount of the funds. No funds
maintained in any revolving cash fund established pursuant to this
section shall be available for the purposes of attempting to
influence government decisions, entertainment, or any other purpose
not related to classroom instruction. The total amount of the funds
for each district or county superintendent of schools shall not
exceed 3 percent of the current year's instructional supply budget.
   The governing board of any school district or any county
superintendent of schools may establish a checking account for the
revolving fund in one or more banks. The account shall be established
in the custody of the principal or other administrative official
designated by the governing board for whose use the revolving cash
fund is created. The principal or administrative official in whose
name the revolving cash fund is created shall be responsible for all
expenditures therefrom, subject to regulations that the governing
board prescribes. The governing board shall provide for an audit of
the funds on a regular basis.
   The revolving cash fund for supplies shall be subject to the
bonding provisions of Section 42801.