2006 Code of Virginia § 22.1-89.3 - Funds from telephone service or credit cards

22.1-89.3. Funds from telephone service or credit cards.

Any school board may enter into a contract with a commercial institution forthe issuance of a telephone service or credit card that would bear the nameof the school board. No such card shall contain an image of the seal of theCommonwealth or any of its localities. Each card issued shall bear on thefront of such card words which indicate that the credit card is not agovernment credit card. The contract shall (i) provide that the contract isnot to be interpreted as authority to license the locality or school boardname or endorse commercial products in exchange for revenue, (ii) containlanguage indemnifying and protecting the locality and school board from legalaction arising from the issuance of such card, and (iii) provide that aportion or percentage of the revenue generated by the use of such card willbe returned to the local governing body, to be placed in a fund for publicschool purposes, for subsequent appropriation to the school board. Any suchappropriation shall supplement, not supplant, any local funding foreducational purposes.

The school board shall not enter into any such contract without following theprovisions of, nor shall any such contract conflict with, any applicablebudget or procurement statute, ordinance, or regulation of the state,locality or school board.

(1998, c. 595.)