Section 16-13-140 Established for county and city school systems; form of annual budget required; public hearings required. (a) There shall be a budget system for the public schools of each county and city for the purpose of promoting economy and efficiency in the finances of the public schools. (b) The State Department of Education shall […]
Section 16-13-141 Comptroller and state superintendent to estimate funds. On or before the first day of September of each year, the Comptroller, or such state official as may be charged by law with the responsibility of estimating the income from the various state revenue measures, shall certify to the State Superintendent of Education the income […]
Section 16-13-142 County and city treasurer to certify estimated funds available. On or before the first day of September, the county treasurer of each county and the city treasurer of each city, the county tax assessor, or the official or officials in each county and city who are charged by law with the responsibility of […]
Section 16-13-143 When budget official; approval of funds for teachers’ salaries; changes in budget; approval prerequisite to receipt of funds. (a) A budget shall become official and shall be followed in the matter relating to the financial operation of the schools of any school system when it has been prepared by the superintendent of education […]
Section 16-13-144 Prohibition and penalty for exceeding budget; waiver of penalty. (a) No local board of education shall spend or obligate itself to spend more money in any fiscal year than the estimate of income available to that board of education for that year, plus balances on hand at the beginning of the fiscal year, […]
Section 16-13-145 Authority to borrow funds against revenues of current year; authority to contract with T.V.A. to obtain funds to improve energy-inefficient school buildings with approval of state superintendent. (a) Any local board of education shall have authority during any fiscal year upon the recommendation of the local superintendent of education, as the case may […]
Section 16-13-146 Interest rate on current loans. County and city boards of education shall have authority to pay interest at a rate not exceeding eight percent per annum on current loans secured in accordance with the provisions of Section 16-13-145. County and city boards of education shall have the right to call upon the State […]
Section 16-13-147 Payment of teachers’ salaries when due. It shall be the duty of county and city boards of education to pay teachers’ salaries promptly when due and, if funds on hand are insufficient, to secure such current loans as are necessary to pay teachers’ salaries and other current expenses when due in accordance with […]
