Maine Revised Statutes Title 20-A Sec. 15683-A – Total debt service allocation
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Terms Used In Maine Revised Statutes Title 20-A Sec. 15683-A
- Base year: means the 2nd year prior to the allocation year. See Maine Revised Statutes Title 20-A Sec. 15672
- School administrative unit: means a school administrative unit as defined by section 1, subsection 26, paragraphs A to G. See Maine Revised Statutes Title 20-A Sec. 15672
- Year: means a fiscal year starting July 1st and ending June 30th of the succeeding year. See Maine Revised Statutes Title 20-A Sec. 15672
For each school administrative unit, that unit’s total debt service allocation is that unit’s debt service costs as defined in section 15672, subsection 2?A. Each school administrative unit’s total debt service allocation must include the portion of the tuition cost applicable to the insured value factor for the base year computed under section 5806. Beginning in school year 2014-2015, each school administrative unit’s total debt service allocation must include the portion of the tuition cost applicable to the insured value factor for the base year computed under section 5806 limited to an insured value factor no greater than the percentage established in section 5806, excluding any higher percentage authorized by local school boards, for each eligible student for the base year. [PL 2013, c. 418, §2 (AMD).]
SECTION HISTORY
PL 2005, c. 2, §D49 (NEW). PL 2005, c. 2, §§D72,74 (AFF). PL 2005, c. 12, §WW18 (AFF). PL 2007, c. 539, Pt. C, §9 (AMD). PL 2009, c. 213, Pt. C, §7 (AMD). PL 2011, c. 655, Pt. C, §7 (AMD). PL 2013, c. 418, §2 (AMD).