e|agenda.NET Sarasota County Schools |
THE SCHOOL BOARD OF SARASOTA COUNTY, FLORIDA Landings Administrative Complex 1980 Landings Blvd. 3:00 P. M. |
Agenda Item #40 Title APPROVAL TO ADVERTISE SCHOOL BOARD RULE 7.512, TAX SHELTERED ANNUITIES AND CUSTODIAL ACCOUNTS Description Due to regulatory changes imposed by the Internal Revenue Service (IRS), which go into effect January 1, 2009, the new IRS regulations require more administrative flexibility than the current School Board rule allows. Therefore, the rule must be streamlined and supplemented by written guidelines that can be periodically amended to keep pace with the ever changing regulatory environment. Recommendation That the School Board of Sarasota County authorize the advertisement of Policy 7.512, Tax Sheltered Annuities and Custodial Accounts. Contact CORCORAN & PALMER Financial Impact N/A Attachment: Policy 7.512 revision.pdf |