15-19-06. Special funds - Deposit of collections - Transfers from general fund
appropriations.
1. A special operating fund for the center for distance education must be maintained
within the state treasury and all income and fees collected by the center for distance
education from any source must be remitted monthly by the superintendent of public
instruction to the state treasurer and credited to the special operating fund. All
expenditures from the fund must be within the limits of legislative appropriations and
must be made upon vouchers, signed and approved by the director. Upon approval of
the vouchers by the office of the budget, warrant-checks must be prepared by the
office of management and budget.
2. The superintendent of public instruction may establish an endowment and scholarship
fund to provide financial grants to students enrolled in courses offered through the
center for distance education. The endowment and scholarship fund may consist only
of those funds specifically appropriated by the legislative assembly and property
received by the center for distance education as a gift, devise, or bequest. Any gift,
devise, or bequest of property received by the center for distance education which is
designated by the superintendent of public instruction and donor for the endowment
and scholarship fund must be deposited in the scholarship fund at the Bank of North
Dakota. The center for distance education may draw on the endowment and
scholarship fund for the award of endowments and scholarships within the limits and
rules adopted by the superintendent of public instruction.
