20-A §15689-F. Actions by department
Title 20-A: EDUCATION
Part 7: SCHOOL FINANCE
Chapter 606-B: ESSENTIAL PROGRAMS AND SERVICES HEADING: PL 2001, C. 660, §1 (NEW)
§15689-F. Actions by department
Within the annual appropriations, the department shall follow the procedures described in this section. [2005, c. 2, Pt. D, §§72, 74 (AFF); 2005, c. 2, Pt. D, §61 (NEW); 2005, c. 12, Pt. WW, §18 (AFF).]
1. State's obligation. If the State's continued obligation for any program provided by one of the appropriated amounts under section 15689-E exceeds the appropriated amount, any unexpended balance from another of those appropriated amounts may be applied by the commissioner toward the obligation for that program.
[ 2005, c. 2, Pt. D, §§72, 74 (AFF); 2005, c. 2, Pt. D, §61 (NEW); 2005, c. 12, Pt. WW, §18 (AFF) .]
2. Cash flow. For the purpose of cash flow, the commissioner may pay the full state and local share of the payment amounts due on bond issues for school construction from that school administrative unit's state subsidy, excluding payments on non-state-funded projects. This subsection does not apply if a school administrative unit has less subsidy than the total principal and interest payment on bonds.
[ 2005, c. 2, Pt. D, §§72, 74 (AFF); 2005, c. 2, Pt. D, §61 (NEW); 2005, c. 12, Pt. WW, §18 (AFF) .]
SECTION HISTORY
2005, c. 2, §§D72,74 (AFF). 2005, c. 2, §D61 (NEW). 2005, c. 12, §WW18 (AFF).