There is a newer version
of
this Section
2022 New Hampshire Revised Statutes
Title XV - Education
Title 195 - Cooperative School Districts
Section 195:11-a - Capital Reserves and Cash Balances.
Universal Citation: NH Rev Stat § 195:11-a (2022)
195:11-a Capital Reserves and Cash Balances. –
When all of the functions of a school district are to be assumed by a cooperative district the balance of any capital reserve fund established by a school district and any cash balance in the hands of the treasurer or money due the district at the time of establishment of the cooperative district less any outstanding bills or debts other than long term indebtedness which is to become the obligation of the cooperative district, shall be used as a credit against the cooperative district assessment to be raised by the pre-existing district for the first year of operation or may be spread over a period of not more than 5 years as the voters of the pre-existing school district shall determine at either any annual meeting or a special school district meeting called for that purpose prior to the establishment of the cooperative district.
Source. 1955, 334:2, eff. Aug. 5, 1955.
Disclaimer: These codes may not be the most recent version. New Hampshire may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
