STATEMENT TO

[First Reprint]

SENATE, No. 122

with Senate Floor Amendments

(Proposed By Senator PALAIA)

ADOPTED: MARCH 24, 1997

      These amendments provide that the qualification requirements for the treasurer of school moneys may be waived by a board of education for a current employee. The amendments also delete moneys derived from food service operations from the exemption of moneys to be received and held by the treasurer of school moneys.