B. Budget
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/hi/b-budgetA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
B. Budget
§302A-1301 School system financial accountability.
(a)Beginning with the 1995-1997 fiscal biennium, the department's administrative expenditures shall not exceed 6.5 per cent of the total department operating budget, excluding expenditures for agencies administratively attached to the department, unless approved by the legislature.
(b)Not less than seventy per cent of appropriations for the total budget of the department, excluding debt service and capital improvement programs and appropriations for agencies administratively attached to the department, shall be expended by principals. [L 1996, c 89, pt of §2; am L 2004, c 51, §57; am L 2014, c 232, §15]