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WACs > Title 392 > Chapter 392-123 > Section 392-123-175
392-123-170
392-123-180
Agency filings affecting this section
WAC 392-123-175
Proceeds from the lease, rental or occasional use of surplus property.
Pursuant to RCW 28A.335.060 each school district's board of directors shall deposit moneys derived from the lease, rental or occasional use of surplus school property as follows:
(1) Moneys derived from real property shall be deposited into the district's debt service fund and/or capital projects fund except for:
(a) Moneys required to be expended for general maintenance, utility, insurance costs, and any other costs associated with the lease or rental of such property, which money shall be deposited in the district's general fund; or
(b) At the option of the board, after evaluating the sufficiency of the school district's capital projects fund for purposes of meeting demands for new construction and improvements, moneys derived from the lease or rental of real property may be deposited into the district's general fund to be used exclusively for nonrecurring costs related to operating school facilities, including, but not limited to, expenses for maintenance;
(2) Moneys derived from pupil transportation vehicles shall be deposited in the district's transportation vehicle fund;
(3) Moneys derived from other personal property shall be deposited in the district's general fund.
[Statutory Authority: Chapter 28A.150 RCW. WSR 05-17-178, § 392-123-175, filed 8/23/05, effective 9/23/05. Statutory Authority: 1990 c 33. WSR 90-16-002 (Order 18), § 392-123-175, filed 7/19/90, effective 8/19/90. Statutory Authority: RCW 28A.65.465. WSR 83-21-027 (Order 83-12), § 392-123-175, filed 10/10/83.]
