School boards; unexpended local funds, capital reserve fund permitted.

School boards; unexpended local funds; capitalreserve fund permitted. Permits any school board, with the concurrenceof the local governing body, to establish a capital reserve fundas a savings account into which it exclusively deposits the localoperating funds that remain unexpended at the end of the year forfuture school division capital expenditures at no additional costto local taxpayers, subject to certain conditions enumerated in thebill.