Section 198:4-b Contingency Fund.
Every school district annually by an article in the warrant, and the governing body of a city upon recommendation of the school board, when the operation of the schools is by a department of the city, may establish a contingency fund to meet the cost of unanticipated expenses that may arise during the year. A detailed report of all expenditures from the contingency fund shall be made annually by the school board and published with their report.
Source. 1965, 123:4. 1998, 389:12, eff. Oct. 1, 1998.