20-A §8464. Budget failure
§8464. Budget failure The following applies in the event of a budget failure as defined in section 8301-A. [PL 1991, c. 518, §29 (AMD).] 1. Submission of a contingency plan. If a budget failure exists after August 1st of any fiscal year, the cooperative board shall submit to the state board a financial statement […]
20-A §8465. Bonding authority
§8465. Bonding authority A region may issue bonds and notes for school construction purposes. For purposes of this section, school construction purposes include minor capital costs relating to maintenance of plant. The cooperative board shall decide whether the issuance of bonds or notes by the region for school construction purposes is necessary. The cooperative board […]
20-A §8466. Transfer or lease of school property to a career and technical education region
§8466. Transfer or lease of school property to a career and technical education region 1. Authority. A unit within a region may transfer or lease unused property of the unit to the region for career and technical education purposes. [PL 1991, c. 518, §31 (AMD); PL 2005, c. 397, Pt. D, §3 (REV).] 2. […]
20-A §8467. Sale of career and technical education region capital assets
§8467. Sale of career and technical education region capital assets 1. Sale of capital assets. A region may sell any of its buildings, equipment or other capital assets if the sale is in compliance with the conditions of any indebtedness issued to finance such assets and if the sale is approved by the state board. […]
20-A §8468. Reserve fund
§8468. Reserve fund 1. Establishment. A career and technical education region may establish a reserve fund for a school construction project, the acquisition or reconstruction of a specific item or type of capital improvement, the acquisition of a specific item or type of capital equipment or any of the expenditures listed under section 1485, subsection […]
20-A §8462. Regional budget meeting approval method
§8462. Regional budget meeting approval method 1. Method of notice. A regional budget meeting must be called by a warrant. The warrant must be signed by a majority of the cooperative board. The following procedures apply to the warrant. A. The warrant must specify the time and place of the regional budget meeting. […]
20-A §8463. Assessment and appropriation of municipal funds
§8463. Assessment and appropriation of municipal funds Municipal funds must be assessed and appropriated for a region’s budget as follows. [PL 1991, c. 518, §29 (AMD).] 1. Operating, construction and debt service costs. Each region shall, in accordance with the region’s written agreement for sharing costs adopted pursuant to section 8457, assess each unit […]
20-A §8451. Career and technical education regions
§8451. Career and technical education regions 1. Legislative intent. It is the intent of the Legislature that each career and technical education region shall provide career and technical education in accordance with this chapter and shall function as an extension of the secondary schools and middle schools located within the region’s boundaries. [PL 2017, […]
20-A §8463-A. Enforcement of payment of assessment
§8463-A. Enforcement of payment of assessment 1. School warrant; monthly installment. Following the assessment of each unit pursuant to section 8463, the school officials of each unit in the region shall place on the school warrant for payment the first of each month an installment equal to 1/12 of the unit’s share of the region’s […]
20-A §8451-A. Programs
§8451-A. Programs A region shall provide programs of career and technical education. Programs of career and technical education are eligible to receive state subsidy pursuant to chapters 606‑B and 609. All programs of career and technical education offered by a region must be approved by the commissioner pursuant to section 8306‑B. The programs must offer […]