2010 Maine Code
TITLE 20-A: EDUCATION
Chapter 103: SCHOOL ADMINISTRATIVE DISTRICTS
20-A §1302. Budget preparation
Part 2: SCHOOL ORGANIZATION
Subchapter 4: FINANCING
§1302. Budget preparation
The district budget shall be prepared as follows. [1981, c. 693, §§ 5, 8 (NEW).]
1. Preparation by board. The board of directors shall annually prepare a budget for:
A. Operational costs; [1981, c. 693, §§ 5, 8 (NEW).]
B. Bonds falling due; [1981, c. 693, §§ 5, 8 (NEW).]
C. Interest on bonds or other obligations; [1981, c. 693, §§ 5, 8 (NEW).]
D. Rentals and other charges in a contract; [1981, c. 693, §§ 5, 8 (NEW).]
E. A lease or agreement with the Maine School Building Authority; and [1981, c. 693, §§ 5, 8 (NEW).]
F. Temporary loans. [1981, c. 693, §§ 5, 8 (NEW).]
2. Distribution. At least 7 days before the district budget meeting, the board of directors shall make available to the legislative body responsible for final budget approval and residents of the district, a detailed budget document. It shall include a summary of anticipated revenues and estimated school expenditures.
[ 1981, c. 693, §§ 5, 8 (NEW) .]
SECTION HISTORY
1981, c. 693, §§5,8 (NEW).
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