4 AAC 33.422 - Fund accounts

(a) A correspondence study program may provide a fund account to the student's parents for the purpose of meeting instructional expenses for the student enrolled in the program. Expenditures from a fund account must be for the student's instructional needs as described in the individual learning plan under AS 14.03.300 and 4 AAC 33.421(a).
(b) Textbooks, equipment, and other curriculum materials purchased with state money, including money provided to the parent through a fund account, are property of the district. Materials that are not consumables must be returned to the district when the student leaves the program for any reason.
(c) A fund account may not De used to pay for any item or service excluded under 4 AAC 33.421(h).
(d) The fund account may not be used by the district or the parent to supplant district funds or obligations for IEP services.
(e) If a correspondence study program provides for a fund account, the governing body of the district, or, in the case of a program that is a charter school the charter school; shall establish written standards, consistent with 4 AAC 33.405 - 4 AAC 33.490, on what constitutes appropriate and allowable expenditures of a fund account.
(f) The district or charter school shall approve all expenditures from the fund account under the written standards established by the district under (e) of this section. The district's or charter school's approval process may include pre-authorization for items identified by the district in its written standards.
(g) The district or charter school may not permit the transfer of money between student fund accounts except in the case of families with multiple students enrolled.


4 AAC 33.422
Eff. 8/6/2004, Register 171; am 9/19/2008, Register 187; am 3/6/2015, Register 213, April 2015

Authority:AS 14.03.320

AS 14.07.020

AS 14.07.030

AS 14.07.060

AS 14.08.101

AS 14.17.430

AS 14.30.010

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