20-9-533. Technology acquisition fund -- limitations. (1) The trustees of a district may establish a technology acquisition fund for school district expenditures incurred for:
     (a) the purchase, rental, repair, and maintenance of technological equipment, including computers and computer network access; and
     (b) associated technical training for school district personnel.
     (2) The trustees of a district shall fund the budget for the technology acquisition fund with the state money received under 20-9-534.
     (3) Whenever the trustees of a district establish the technology acquisition fund, the trustees shall:
     (a) adopt a resolution stating the reasons and purpose for financing a technology acquisition fund budget;
     (b) adopt a budget for the amount required for the technology acquisition fund for the ensuing school fiscal year; and
     (c) report the technology acquisition fund budget to the county superintendent on the regular budget form prescribed by the superintendent of public instruction in accordance with 20-9-103.
     (4) The trustees of a district may not use revenue in the technology acquisition fund to finance contributions to the teachers' retirement system, the public employees' retirement system, or the federal social security system or for unemployment compensation insurance.

     History: En. Sec. 5, Ch. 517, L. 1995.