DISTRICTS ‑- SCHOOLS ‑- BOARD OF DIRECTORS ‑- INVESTMENT OF FUNDS Under chapter 123, Laws of 1961, the board of directors of a school district has the power to authorize the county treasurer or other custodian of any school funds to invest such funds which may be lawfully invested or reinvested and which in the judgment of the board are not required for the immediate necessity of the district.

HOSPITALS ‑- PUBLIC HOSPITAL DISTRICT'S POWER TO INVEST FUNDS -- DISTRICTS ‑- INVESTMENT OF FUNDS Bond redemption funds of a public hospital district may not be invested.