Maine Revised Statutes
Subchapter 4: FINANCING
20-A §1302. Budget preparation

§1302. Budget preparation
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).]
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).

Structure Maine Revised Statutes