SEC. 37-151-23. State Public School Education Technology Fund.
There is hereby created in the State Treasury a special fund to be designated the "State Public School Education Technology Fund." Any unexpended balance in said fund at the end of the fiscal year shall carry over into the subsequent fiscal year and shall not lapse into the State General Fund. School districts shall be required to submit a plan for the use of such funds for education technology to the State Board of Education. The State Board of Education, consistent with policies adopted pursuant to recommendations of the council, shall allocate funds provided from the proceeds of State Education Technology Bonds and funds provided from appropriation by the Legislature into the State Public School Education Technology Fund, to school districts based on the approved education technology plan, which demonstrates need consistent with the district's existing technology, for the purchase or lease of education technology for the schools. The State Board of Education is authorized to apply said funds to matching grants from federal or private sources to generate additional funds for the purchase or lease of education technology for the schools.
SOURCES: Laws, 1994, ch. 581, Sec. 22, eff from and after July 1, 1994