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DEPOSITORIES OF FUNDS
DEPOSITORIES OF FUNDS
The Board of Education shall designate commercial bank(s) at the reorganizational meeting for the deposit of school district monies. The designated depositories are required to collateralize all deposits fully.
Ref: Education Law §§2129; 2130(4)
8 NYCRR §§170.1; 170.2
General Municipal Law §§10; 11; 800 et seq.
Note: Prior policy, Policy Manual, 3000, revised
Policy Adopted: March 12, 1997 Wayne Central School District
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