When the District receives funds to pay for state contributions for retirement and insurance pursuant to this application, it shall immediately send such funds to the retirement system for deposit in the General Revenue Fund of the state treasury. The District shall report monthly to the system, in a form it prescribes, the names of each employee paid in whole or in part from a grant, the source of the grant, the amount of the employee's salary paid from the grant, the amount of money provided for state contributions for the employee by the grant, and such other information as the retirement system deems necessary.

The District shall comply with applicable rules governing examination of its records by the Teacher Retirement System.

Gov't Code 825.406(b),(c); Insurance Code 3.50-4, Sec. 16A.

Rules adopted shall govern all aspects of conduct between the District and its employees in a relationship between an organization or donor and the agency and its employees, including the following:

1. Administration and investment of funds received by the District for its benefit.
2. Use of an employee or property by an organization or donor.
3. Service by an officer or employee of the District as officer or director of an organization or donor.
4. Monetary enrichment of an officer or employee of the District by an organization or private donor.

Gov't Code 2255.001

1. The donor or organization; and
2. The District and its employees.

Rules adopted under this section shall govern all aspects of conduct of the District and its employees in the relationship, including:

1. Administration and investment of funds received by the organization for the benefit of the District;
2. Use of an employee or property of the District by the donor or organization;
3. Service by an officer or employee of the District as an officer or director of the donor or organization; and
4. Monetary enrichment of an officer or employee of the District by the donor or organization.

A rule adopted under this section may not conflict with or supersede a requirement of a statute regulating:

1. The conduct of an employee of the District; or
2. The procedures of the District.

Gov't Code 2255.001

The Board may deposit local funds collected by the Board to the credit of the endowment fund.

The Board may accept gifts and grants from any public or private source for the endowment fund.

The endowment fund consists of local funds deposited to the credit of the endowment fund, gifts, grants, and income from investing the endowment fund.

The Board may invest the endowment fund in securities, bonds, and other investments that the Board considers prudent. In making investments under this section, the Board shall exercise the judgment and care under the circumstances then prevailing that a person of ordinary prudence, discretion, and intelligence exercises in the management of the person's own affairs.

The Board may not spend any money deposited in the endowment fund as local funds, gifts, or grants but may spend any income from investing the endowment fund for the operation or maintenance of the College.

Education Code 130.007

A conditional gift shall be defined as any endowment, scholarship or other gift, donation, or grant of money or property of any kind or any contract award, the use of which is subject to the conditions of a foreign government or person and which conditions relate to what kinds of teachers or students may benefit from such gift or relate to the bias or slant with which subject matter supported by the gift may be taught. Education Code 51.571; 51.572

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