Arizona Laws 15-978. Classroom site fund budget limit; school district
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The classroom site fund budget limit for each school district is the sum of the following:
Terms Used In Arizona Laws 15-978
- Fiscal year: means the year beginning July 1 and ending June 30. See Arizona Laws 15-101
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- School district: means a political subdivision of this state with geographic boundaries organized for the purpose of the administration, support and maintenance of the public schools or an accommodation school. See Arizona Laws 15-101
1. The allocation that is computed for the school district pursuant to section 15-977, subsection G, paragraph 2.
2. The unexpended budget balance from the classroom site fund for the prior fiscal year.
3. The net interest earned on monies in the classroom site fund during the prior fiscal year.