Ed. Code, § 41002.5 · Article 1. Moneys Received by School Districts
Ed. Code, § 41002.5
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Notwithstanding Sections 41001 and 41002, money received from the sources, or for the purposes listed in subdivisions (a) to (h), inclusive, may be deposited in a bank or other financial institution whose accounts are federally insured. Any money so deposited shall be in an account or accounts fully covered by that insurance:
(a) Funds received for the purpose of making loans, scholarships, or grants to students in, or graduates of, a school under the jurisdiction of the governing board of the district.
(b) Funds received for the sale of food or other services performed by one or more cafeterias established in the schools of the district.
(c) Funds received from the sale of produce, livestock, and other products of one or more school farms established in the district.
(d) Clearing accounts established pursuant to Section 41017.
(e) Funds of a student body organization.
(f) Funds in a revolving cash fund established pursuant to Section 42820.
(g) Funds for community recreation programs established pursuant to Chapter 10 (commencing with Section 10900) of Part 7.
(h) Funds that, pursuant to any other law or provision of the California School Accounting Manual, may be deposited in a bank or other federally insured financial institution in lieu of the county treasury.
Notes and commentary — not statutory text
History
Amended by Stats. 1991, Ch. 68, Sec. 1.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=EDC§ionNum=41002.5.
- Text hash
- sha256 0d15a2c330c4ee7cc21c188cc56b7b442cd408a20d22e0ce6831a33acf68042f
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Education Code
- Ed. Code, tit. 1, div. 1, pt. 7, ch. 10Community Recreation ProgramsPrinted as Chapter 10 (commencing with Section 10900) of Part 7
- Ed. Code, § 41001Printed as Sections 41001 and 41002
- Ed. Code, § 41002Printed as Sections 41001 and 41002
- Ed. Code, § 41017Printed as Section 41017
- Ed. Code, § 42820Printed as Section 42820
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.