| 1.__Appropriation limit established.__Notwithstanding any |
| other provision of law, a school administrative unit may not in |
| any fiscal year make an appropriation, including an appropriation |
| to reserves or balance of allocations pursuant to section 15613, |
| subsection 9, except as otherwise provided in this section, when |
| the appropriation is funded by an appropriation or by an |
| assessment on one or more member municipalities and when such an |
| appropriation would cause the school administrative unit to |
| exceed its appropriation or assessment limit for the fiscal year.__ |
| A school administrative unit's appropriation or assessment limit |
| for any fiscal year must be set at its appropriation or |
| assessment limit for the prior fiscal year multiplied by the |
| following sum: one plus an income growth factor as defined in |
| subsection 3 plus the annual property growth factor for the |
| member municipality or municipalities.__The annual property |
| growth factor is a fraction whose denominator is the total |
| valuation of the member municipality or the total combined |
| valuation of all the member municipalities for the tax year |
| associated with the school administrative unit's fiscal year and |
| whose numerator is the total increase in the assessed valuation |
| of any real or personal property in the municipality or the total |
| combined increase in the assessed valuation of any real or |
| personal property in all the member municipalities during the |
| prior tax year that may become subject to taxation for the first |
| time, may be taxed as a separate parcel for the first time during |
| the current tax year or has had an increase in its assessed |
| valuation over the prior year's valuation as a result of |
| improvements to or expansion of the property.__In establishing |
| the property growth factor under this section, the school |
| administrative unit must rely on the total valuation and |
| increased valuation calculations of each member municipality |
