§1482. Budget preparation
1.
Preparation by regional school unit board.
A regional school unit board shall annually prepare a budget for:
A.
Operational costs;
[PL 2007, c. 240, Pt. XXXX, §13 (NEW).]
B.
Bonds falling due;
[PL 2007, c. 240, Pt. XXXX, §13 (NEW).]
C.
Interest on bonds or other obligations;
[PL 2007, c. 240, Pt. XXXX, §13 (NEW).]
D.
Rentals and other charges in a contract; and
[PL 2007, c. 240, Pt. XXXX, §13 (NEW).]
E.
Temporary loans.
[PL 2007, c. 240, Pt. XXXX, §13 (NEW).]
[PL 2007, c. 240, Pt. XXXX, §13 (NEW).]
2.
Distribution.
At least 7 days before a regional school unit budget meeting, the regional school unit board shall make available to the legislative body responsible for final budget approval and residents of the regional school unit a detailed budget document. The detailed budget document must include a summary of anticipated revenues and estimated school expenditures.
[PL 2007, c. 240, Pt. XXXX, §13 (NEW).]
SECTION HISTORY
PL 2007, c. 240, Pt. XXXX, §13 (NEW).