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 technology acquisition fund with the state money received under 20-9-534 and with other local, state, and federal funds received for the purpose of funding technology.
     (3) 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; amd. Sec. 29, Ch. 22, L. 1997.