Any school district receiving funds or land pursuant to this article shall maintain a separate account for any fees paid and disposition of land received, and shall file a report with the board on the balance and account at the end of the previous fiscal year and the facilities leased, purchased or constructed during the previous fiscal year. In addition, the report shall specify which attendance areas will continue to be overcrowded when the fall term begins and where conditions of overcrowding will no longer exist. The reports shall be filed by August 1 of each year, and shall be filed more frequently at the request of the Board.
(1966 Code, § 15A-25) (Ord. 407, § 603, 1978)