Professional Documents
Culture Documents
4.37
A. Generally
1. Generally
2. Vehicles
3. Technology Equipment
If the School Board determines that it has no use for some of its
real property, it may sell such surplus property after a public
hearing has been held, and may retain all or a portion of the
proceeds upon the approval of the local governing body. In the
event of a sale, a capital improvement fund shall be established
and the proceeds shall accrue to such fund.
As lessee of real property, the School Board may expend funds for
capital repairs and improvements on leased real property, if the
lease is for a term equal to or longer than the useful life of such
repairs or improvements.