Maine Revised Statutes Title 20-A Sec. 1302 – Budget preparation
Current as of: 2023 | Check for updates
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The district budget shall be prepared as follows. [PL 1981, c. 693, §§5, 8 (NEW).]
1. Preparation by board. The board of directors shall annually prepare a budget for:
A. Operational costs; [PL 1981, c. 693, §§5, 8 (NEW).]
B. Bonds falling due; [PL 1981, c. 693, §§5, 8 (NEW).]
C. Interest on bonds or other obligations; [PL 1981, c. 693, §§5, 8 (NEW).]
D. Rentals and other charges in a contract; [PL 1981, c. 693, §§5, 8 (NEW).]
E. A lease or agreement with the Maine School Building Authority; and [PL 1981, c. 693, §§5, 8 (NEW).]
F. Temporary loans. [PL 1981, c. 693, §§5, 8 (NEW).]
[PL 1981, c. 693, §§5, 8 (NEW).]
Terms Used In Maine Revised Statutes Title 20-A Sec. 1302
- Board of directors: means the governing body with statutory powers and duties for a school administrative district. See Maine Revised Statutes Title 20-A Sec. 1
- Contract: A legal written agreement that becomes binding when signed.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
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.
[PL 1981, c. 693, §§5, 8 (NEW).]
SECTION HISTORY
PL 1981, c. 693, §§5,8 (NEW).