13-11-2.1. Contingency line item in budget--Maximum--Transfer of funds.
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/sd/title-13/chapter-13-11/13-11-2-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In preparing the school district budget, the school board may include a line item for contingencies. The line item shall be included in the annual budget and shall not exceed five percent of the total school district budget. The school board may by resolution transfer contingency funds to any budget category except capital outlay.