§15004. Unexpended balances
132 words·~1 min read·
/me/title-20-a-education/chapter-601-general-provisions/15004·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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. [PL 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. [PL 1989, c. 425, §3 (NEW).]