15-1231. Career and technical education and vocational education projects fund

A. The governing board of a school district may establish a permanent career and technical education and vocational education projects fund in an amount not to exceed one hundred thousand dollars. The fund shall consist of proceeds from the sale of items produced by career and technical education and vocational education programs. Monies in the fund may be used for any of the following purposes:

1. Purchase of materials for use by career and technical education and vocational education pupils in an instructional program that produces a product that may be sold by the school district.

2. Purchase of equipment, not to exceed five thousand dollars in any one fiscal year, for use by career and technical education and vocational education pupils in an instructional program which produces a product that may be sold by the school district.

3. Expenses directly related to the planning and design of career and technical education and vocational education program products.

B. Monies in the career and technical education and vocational education projects fund may not be used to pay salaries, wages or employee fringe benefits.

C. The career and technical education and vocational education projects fund of a school district is a continuing fund, and monies in the career and technical education and vocational education projects fund are not subject to reversion, except that all monies in the fund in excess of one hundred thousand dollars at the end of the fiscal year shall revert to the school plant fund.