A.__The commissioner shall annually, prior to March 1st, notify each school board of the amount allocated to the school administrative unit.

B.__Each superintendent shall report to the municipal officers whenever the school administrative unit is notified of the allocation or a change is made in the allocation resulting from an adjustment.

3.__Payments of state subsidy to unit's treasurer.__The commissioner shall make subsidy payments directly to the treasurer of each school administrative unit.

4.__Appeals.__A school board may appeal the computation of state subsidy for the school administrative unit to the state board in writing within 30 days of the date of notification of the computed amount. The state board shall review the appeal and make an adjustment if, in its judgment, an adjustment is justified. The state board's decision is final as to facts supported by the record of the appeal.

5.__School purpose expense requirement.__Notwithstanding any other law, money allocated for school purposes must be expended only for school purposes.

6.__Balance of allocations.__Notwithstanding any other law, general operating fund balances at the end of a school administrative unit's fiscal year must be carried forward to meet the next year's school needs.__Unallocated balances in excess of 3% of the previous year's school budget must be used to reduce the state and local allocations for the purpose of computing state subsidy.__School boards have the discretion of carrying forward unallocated balances in excess of 3% of the previous year's school budget and disbursing these funds in the next year or over a period not to exceed 3 years.

Sec. 4. Statutes review; cross-references. The Department of Education shall review the Maine Revised Statutes and submit a bill to the Second Regular Session of the 121st Legislature to correct and update any cross-reference in the statutes to provisions of law repealed in this Act.

SUMMARY