8000 - Fiscal Management

8320 Depositories

The board will designate as official depositories of the school system, one or more banks, savings and loan associations, or trust companies in North Carolina. No money will be deposited in any place other than an official depository, except as permitted by G.S. 115C-443(b), which exception relates only to certificates of deposits or such other forms of time deposits approved by the Local Government Commission

Legal References:
G.S. 115C-443, -444
Cross References:
Monday, 07 November 2011
Last Updated: