20-A §2102. Financing of union schools
Title 20-A: EDUCATION
Part 2: SCHOOL ORGANIZATION
Chapter 109: UNION SCHOOLS
§2102. Financing of union schools
1. Apportionment of state school subsidy. Amounts due from the State on account of union schools shall be paid to the municipality in which the students reside. The amounts to be contributed by each municipality for the maintenance of the school shall be determined in accordance with the terms of the agreement.
[ 1981, c. 693, §§5, 8 (NEW) .]
2. Construction aid. Municipalities which are parties to a union school agreement shall be eligible for school construction aid on school construction projects for union schools in accordance with this section.
[ 1987, c. 135, §1 (RPR) .]
3. School construction projects. Municipalities which are parties to a union school agreement may undertake school construction projects for union schools in accordance with chapter 609 whether or not that school construction is expressly authorized by the union school agreement. If the union school agreement provides for the establishment of a joint union school committee, that committee shall have the responsibilities of a building committee and a municipal school board under chapter 609. If no provision is made for a joint union school committee, the school boards of the municipalities which are parties to the union school agreement shall carry out those responsibilities by concurrent action.
[ 1987, c. 135, §2 (NEW) .]
4. Borrowing. Notwithstanding any provision of a union school agreement to the contrary, each municipality participating in a union school construction project shall pay the percentage of the cost of the project that corresponds to that municipality's percentage of union school operating costs in the year in which the project receives concept approval; is entitled to the debt service allocation attributable to the bonds or notes that municipality has issued for the project; and owns, as a tenant in common with the other participating municipalities, the percentage of the buildings and real property constructed or acquired in conjunction with the project that corresponds to that municipality's percentage of the original cost of the project. A referendum vote must be conducted by each municipality to authorize the issuance of its percentage of the bonds or notes for a school construction project for a union school in accordance with section 15904, subsection 1. Subject to the requirements of chapter 609, each municipality that is a party to a union school agreement may issue bonds or notes pursuant to Title 30-A, sections 5772 and 5773 for school construction purposes to finance its percentage share of the cost of a school construction project for a union school. In the event that a union school agreement is terminated, no provision of the termination formula or agreement nor the decision of the Commissioner of Education regarding termination may impair the obligations of the municipalities to their bond holders.
[ 1991, c. 824, Pt. A, §31 (AMD) .]
SECTION HISTORY
1981, c. 693, §§5,8 (NEW). 1987, c. 135, §§1,2 (AMD). 1989, c. 700, §A46 (AMD). 1991, c. 824, §A31 (AMD).