20-A §1482. Budget preparation
Title 20-A: EDUCATION
Part 2: SCHOOL ORGANIZATION
Chapter 103-A: REGIONAL SCHOOL UNITS
Subchapter 4: FINANCING
§1482. Budget preparation
1. Preparation by regional school unit board. A regional school unit board shall annually prepare a budget for:
A. Operational costs; [2007, c. 240, Pt. XXXX, §13 (NEW).]
B. Bonds falling due; [2007, c. 240, Pt. XXXX, §13 (NEW).]
C. Interest on bonds or other obligations; [2007, c. 240, Pt. XXXX, §13 (NEW).]
D. Rentals and other charges in a contract; and [2007, c. 240, Pt. XXXX, §13 (NEW).]
E. Temporary loans. [2007, c. 240, Pt. XXXX, §13 (NEW).]
[ 2007, c. 240, Pt. XXXX, §13 (NEW) .]
2. Distribution. At least 7 days before a regional school unit budget meeting, the regional school unit board shall make available to the legislative body responsible for final budget approval and residents of the regional school unit a detailed budget document. The detailed budget document must include a summary of anticipated revenues and estimated school expenditures.
[ 2007, c. 240, Pt. XXXX, §13 (NEW) .]
SECTION HISTORY
2007, c. 240, Pt. XXXX, §13 (NEW).