School gift procedures proposed

As increasing numbers of alumni give significant financial support to their former high schools, one legislator believes mandatory procedures are required for school districts handling the investment of monetary gifts. Rep. Scott Schachleton, R-Sault Ste. Marie, has introduced H.B. 5786, which establishes procedures for transferring such gifts to a community foundation or educational foundation for management. The bill would govern how the money is handled. At press time, the bill was before the Education Committee.