Sarasota County Schools
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