Section 1302 - Budget preparationThe district budget shall be prepared as follows. [1981, c. 693, §§5, 8(NEW).]
1.Preparation by board. The board of directors shall annually prepare a budget for: A. Operational costs; [1981, c. 693, §§5, 8(NEW).]B. Bonds falling due; [1981, c. 693, §§5, 8(NEW).]C. Interest on bonds or other obligations; [1981, c. 693, §§5, 8(NEW).]D. Rentals and other charges in a contract; [1981, c. 693, §§5, 8(NEW).]E. A lease or agreement with the Maine School Building Authority; and [1981, c. 693, §§5, 8(NEW).]F. Temporary loans. [1981, c. 693, §§5, 8(NEW).] [1981, c. 693, §§5, 8(NEW).]
2.Distribution. At least 7 days before the district budget meeting, the board of directors shall make available to the legislative body responsible for final budget approval and residents of the district, a detailed budget document. It shall include a summary of anticipated revenues and estimated school expenditures. [1981, c. 693, §§5, 8(NEW).]
1981, c. 693, §§5,8 (NEW) .