20-A §15004. Unexpended balances
Title 20-A: EDUCATION
Part 7: SCHOOL FINANCE
Chapter 601: GENERAL PROVISIONS
§15004. Unexpended balances
The unexpended balance of all money raised by a school administrative unit, received from the State for general-purpose aid or for other educational programs; from the Federal Government directly or from the Federal Government through the State; from tuition payments made by other units, the State, or by individuals; and other receipts for school purposes shall be carried forward and credited to the unit for educational programs for the ensuing year. [1989, c. 425, §3 (AMD).]
Funds which are set aside for direct reimbursement programs or for workers' compensation self-insurance programs, established pursuant to section 1001, shall not be considered unexpended balances. These funds shall be carried forward to be used only for the reimbursement or self-insurance program for which they were originally dedicated. [1989, c. 425, §3 (NEW).]
SECTION HISTORY
1981, c. 693, §§5,8 (NEW). 1989, c. 425, §3 (AMD).