ARM 10.10.313. BUILDING RESERVE FUND

(1) Expenditures from the building reserve fund established under 20-9-503 , MCA, are limited to the cash balance available in the fund. (2) Short-term interfund loans from a district's other funds may be used to fund expenditures in advance of tax collections in the building reserve fund. Such interfund loans must be repaid by year-end. Short-term interfund loans between school districts shall not be made. (3) Proceeds of a loan to be repaid from the building reserve fund established under 20-9-503 , MCA, must be deposited in the building reserve fund.