20-A §15696. Penalties for nonconforming school administrative units (REPEALED)
§15696. Penalties for nonconforming school administrative units (REPEALED) SECTION HISTORY PL 2007, c. 240, Pt. XXXX, §33 (NEW). PL 2007, c. 668, §§39-41 (AMD). PL 2007, c. 695, Pt. A, §23 (AMD). PL 2009, c. 455, §1 (AMD). PL 2011, c. 251, §8 (RP). PL 2011, c. 251, §12 (AFF).
20-A §15697. Fund to Advance Public Kindergarten to Grade 12 Education (REPEALED)
§15697. Fund to Advance Public Kindergarten to Grade 12 Education (REPEALED) SECTION HISTORY IB 2015, c. 4, §1 (NEW). PL 2017, c. 284, Pt. D, §1 (RP).
20-A §15698. Education Stabilization Fund
§15698. Education Stabilization Fund 1. Fund established. The Education Stabilization Fund, referred to in this section as “the fund,” is established as an Other Special Revenue Funds account for the purposes specified in this section. [PL 2021, c. 635, Pt. Y, §1 (NEW).] 2. Nonlapsing. Any unexpended balances in the fund may not lapse […]
20-A §15692. Special school districts
§15692. Special school districts 1. School administrative unit. For the purposes of section 15695, a special school district is deemed to be a school administrative unit. [PL 2019, c. 398, §37 (AMD).] 2. Debt service. Debt service on bonds or notes issued by a special school district must be included in the school budget […]
20-A §15693. School budget; budget formats
§15693. School budget; budget formats 1. Content. A school administrative unit shall include in its school budget document: A. The school administrative unit’s total cost of funding public education from kindergarten to grade 12, its non-state-funded debt service, if any, and any additional expenditures authorized by law; [PL 2005, c. 2, Pt. D, […]
20-A §15694. Actions on budget
§15694. Actions on budget The following provisions apply to approving a school budget under this chapter. [PL 2005, c. 2, Pt. D, §62 (NEW); PL 2005, c. 2, Pt. D, §§72, 74 (AFF); PL 2005, c. 12, Pt. WW, §18 (AFF).] 1. Checklist required. Prior to a vote on articles dealing with school appropriations, […]
20-A §15695. Bonds; notes; other
§15695. Bonds; notes; other All bonds, notes or other evidences of indebtedness issued for school purposes by a school administrative unit for major capital expenses, bus purchases or current operating expenses, including tax or other revenue anticipation notes, are general obligations of the unit. [PL 2005, c. 2, Pt. D, §62 (NEW); PL 2005, […]
20-A §15695-A. Bondholders of school administrative units
§15695-A. Bondholders of school administrative units 1. Rights of bondholders of school administrative units. If legislation, including a ballot measure approved at referendum, becomes effective that dissolves a school administrative unit that has issued outstanding general obligation bonds or notes or repeals the laws pursuant to which such a school administrative unit is organized and […]
20-A §15689. Adjustments to state share of total allocation
§15689. Adjustments to state share of total allocation Beginning July 1, 2005, adjustments to the state share of the total allocation must be made as set out in this section. [PL 2003, c. 712, §17 (NEW).] 1. Minimum state allocation. Each school administrative unit must be guaranteed a minimum state share of its total […]
20-A §15689-A. Authorization of payment of targeted education funds
§15689-A. Authorization of payment of targeted education funds (CONFLICT) (CONTAINS TEXT WITH VARYING EFFECTIVE DATES) 1. Payment of state agency client costs. State agency client costs are payable pursuant to this subsection. As used in this subsection, “state agency client” has the same meaning as defined in section 1, subsection 34‑A. A. The commissioner […]