§302A-420 Profits and school credit for students. All net profits arising from agricultural, industrial, or commercial enterprise pursuits at any school, under the rules of the department:
provided further that the commercial enterprise does not affect the tax-exempt status of general obligation bonds and complies with the requirements of section 302A-448. The department shall provide for the keeping of simple books of account, showing the source and distribution of the money resulting from the operations carried on pursuant to this section, and for the auditing of these books of account at least quarterly. [L 1996, c 89, pt of §2; am L 1997, c 144, §2; am L 2022, c 148, §2]