Section 48-1917 - Capital outlaysA. The board of directors may establish a fund for capital outlays. After a capital outlay fund is created, the board of directors may transfer to the fund any unincumbered surplus funds remaining on hand in the district at the end of a fiscal year.B. When a capital outlay fund is established, it shall be used only for capital outlay purposes, but the board of directors may, by a four - fifths vote of all members, if it finds that the fund is no longer necessary or that there remain in the fund monies which are no longer required for capital outlay purposes, discontinue the fund or transfer as much of it as is no longer required for capital outlay purposes to the payment of outstanding bonds, or if there are none, to any fund for payment of current expenses of the district.