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§ 26-2602. Management and custody

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 24 P.S. Education

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 24 P.S. Education
Chapter 1. Public School Code of 1949 (Refs & Annos)
Article XXVI. State School Fund (Refs & Annos)
24 P.S. § 26-2602
§ 26-2602. Management and custody
All real and personal property belonging to the State School Fund shall be wholly under the control and management of the State Board of Education. The net receipts derived in any way from, or on account of, any real or personal property belonging to the State School Fund, and all other moneys accruing to said fund, shall always be promptly paid to the State Treasurer, and kept by him in a separate account, subject to the disposal of the State Board of Education as herein provided. The State Treasurer shall deposit said funds in the properly authorized depositories for State funds, and shall add to such funds the interest received from the depositories for the use of the same. All income derived from any investments of the State School Fund shall be paid to the State Treasurer, and kept deposited as herein provided in a separate account, subject to the order of the State Board of Education. The State Treasurer and his bondsmen shall be responsible for the safekeeping of, and accounting for, said funds, in the same manner and under the same penalties as for the safekeeping of, and accounting for, the other funds of this Commonwealth.

Credits

1949, March 10, P.L. 30, No. 14, art. XXVI, § 2602. Amended 1965, Oct. 21, P.L. 601, § 60.
24 P.S. § 26-2602, PA ST 24 P.S. § 26-2602
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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