e|agenda.NET
Sarasota County Schools
THE SCHOOL BOARD OF SARASOTA COUNTY, FLORIDA Landings Administrative Complex 1980 Landings Blvd. 3:00 P. M.
October 21, 2008 Board Meeting
Agenda Item #36


Title
ADOPTION OF SCHOOL BOARD POLICY 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 adopt Policy 7.512, Tax Sheltered Annuities and Custodial Accounts.

Contact
LEMPE & COCORAN

Financial Impact
N/A


Attachment:  Policy 7.512-Revision.pdf