The Florida Senate

236.13  Expenditure of funds by school board.--All state funds apportioned to the credit of any district constitute a part of the district school fund of that district and must be budgeted and expended under authority of the school board of that district subject to the provisions of law, regulations of the state board, and rules of the commissioner.

(1)  A school board shall credit interest or profits on investments to the specific budgeted fund, as defined by the accounting system required by s. 237.01, that produced the earnings unless otherwise authorized by law, rule, or regulation.

(2)  A school board may temporarily advance moneys from one fund, as defined by the accounting system required by s. 237.01, to another fund when insufficient moneys are available to meet current obligations if the temporary advancement is repaid within 13 months, appropriate accounting records are maintained, and the temporary advancement does not restrict, impede, or limit implementation or fulfillment of the original purposes for which the moneys were received in the fund providing the advancement.

(3)  Funds expended from school nonrecurring incentives or bonus type state or federal funded programs based on performance outcomes may not be used for measuring compliance with state or federal maintenance of effort, supplanting, or comparability standards.

History.--s. 1013, ch. 19355, 1939; CGL 1940 Supp. 892(332); s. 34, ch. 23726, 1947; s. 4, ch. 28068, 1953; s. 141, ch. 65-239; s. 1, ch. 69-300; s. 144, ch. 72-221; s. 24, ch. 73-345; s. 27, ch. 89-278; s. 15, ch. 89-298; s. 55, ch. 91-105; s. 67, ch. 94-232; s. 64, ch. 95-280; s. 155, ch. 97-190; s. 12, ch. 2000-339.