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HomeEducation CodeDiv. 1Pt. 13.5Ch. 3§ 25931 Board Fund Administration Control

§ 25931 Board Fund Administration Control

Education Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 25931 Board Fund Administration Control

Key Takeaways

  • •A special group (the board) is in charge of the money in the fund.
  • •No money can be taken out or moved without the board saying it's okay.
  • •The board can choose how to invest the money, but they have to be smart about it.
  • •They can only do what the California rules say they can do.

Example

Imagine a school has a piggy bank for field trips.

Only the teachers (the board) can decide how to use the money. They can’t spend it on anything unless they agree it’s a good idea, like buying bus tickets. They can also try to grow the money by buying things that might make more money later, but they have to be careful and follow the school’s rules.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 25931 Board Fund Administration Control

The board shall have exclusive control of the administration of the fund. No transfers or disbursements of any amount from the fund shall be made except upon the authorization of the board for the purpose of carrying into effect the provisions of this part. Except as otherwise limited by the California Constitution and by law, the board may, in its discretion, invest the assets of the fund through the purchase, holding, or sale of any investment, financial instrument, or financial transaction, when the investment, financial instrument, or financial transaction is prudent in the informed opinion of the board. (Added by Stats. 2000, Ch. 1032, Sec. 4. Effective January 1, 2001.)

Last verified: January 23, 2026

Key Terms

exclusive controlauthorization of the boardprudentinvestmentfinancial instrumentfinancial transaction

Related Statutes

  • § 22203 Teachers' Retirement Fund Investments
  • § 22202 Board Fund Control Authority
  • § 26210 Retirement Fund Investment Control
  • § 81663 Community College Energy Loans
  • § 92205 Endowment Fund Investment Rules

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 25931.
View Official Source