|
school for the next fiscal year.__The administrative operating |
| budget must be presented as a line-item budget for each of the |
| programs under its jurisdiction.__A liability or obligation may not |
| be incurred under this chapter beyond the amount approve in the |
| administrative operating budget.__The school board may make |
| expenditures only in accordance with allocations approved by the |
| Legislature.__Any balance of an allocation or subdivision of an |
| allocation made by the Legislature for the school that at the time |
| is not required for the purpose named in the allocation or |
| subdivision may be transferred prior to the closing of the books |
| for the fiscal year to any other allocation or subdivision of any |
| allocation made by the Legislature for the use of the school for |
| the same fiscal year.__The transfer is subject to review by the |
| joint standing committee of Legislature having jurisdiction over |
| appropriations and financial affairs.__Financial statements |
| describing the transfer must be submitted by the school board to |
| the Office of Fiscal and Program Review 30 days before the transfer |
| is implemented.__In case of extraordinary emergency transfers, the |
| 30-day prior submission requirement may be waived by vote of the |
| committee.__These financial statements must include information |
| specifying the accounts that are affected, the amounts to be |
| transferred, a description of the transfer and a detailed |
| explanation of the reason the transfer is needed.__The school board |
| shall also provide an annual justification for the finances and |
| operations of the programs under the jurisdiction of the school to |
| the joint standing committee of the Legislature having jurisdiction |
| over appropriations and financial affairs and the joint standing |
| committee of the Legislature having jurisdiction over education |
| matters.__The justification for the finances and operations of the |
| school must be presented as a line-item budget for each of the |
| programs under its jurisdiction. |
