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A.__Principal and interest costs for approved major capital | | projects in the allocation year, including the initial local | | share of school construction projects that received voter | | approval for all or part of their funding in referendum in | | fiscal year 1984-85, but excluding payments made with funds | | from state and local government accounts established under the | | federal Internal Revenue Code and regulations for disposition | | of excess, unneeded proceeds of bonds issued for a school | | project; |
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| | | B.__Lease costs for school buildings when the leases, | | including leases under which the school administrative unit | | may apply the lease payments to the purchase of portable, | | temporary classroom space beginning January 1, 1988, have | | been approved by the commissioner for the year prior to the | | allocation year.__Beginning July 1, 1998 lease costs include | | costs for leasing: |
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| | | (1)__Administrative space.__A school administrative | | unit may lease administrative space with state support | | until July 1, 2003. A school administrative unit | | engaged in a lease-purchase agreement for | | administrative space is eligible for state support | | until July 1, 2008; |
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| | | (2)__Temporary interim nonadministrative space. |
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| | | (a)__A school administrative unit with state- | | approved need for nonadministrative space may | | lease temporary interim space, with state support, | | for a maximum of 5 years.__A school administrative | | unit may appeal to the state board if this | | limitation presents an undue burden.__When making | | a determination on a school administrative unit's | | request for relief based on undue burden, the | | state board may consider, but are not limited to | | considering, the following: |
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| | | (ii)__Enrollment demographics; and |
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| | | (iii)__Unforeseen circumstances not within | | the control of the appealing school | | administrative unit. |
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| | | The state board's decision is final. |
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