| The superintendent of a school union may be designated as the |
| treasurer of the school union and, notwithstanding section 1902, |
| subsection 3, paragraph F, the union committee of a school union may |
| perform the functions of fiscal agent for the school administrative units |
| in the school union if a majority of the voters in each municipality |
| agree to these designations through a referendum or at a town meeting.__ |
| The article that is placed before the voters in each municipality must |
| state the specific functions to be performed by the fiscal agent, must |
| state that the agreement under which the union committee may perform the |
| functions of fiscal agent may not exceed a period of 3 years and must |
| also include a schedule for regular payment of the warrants approved in |
| each municipality to the union committee.__The school union must provide |
| the municipalities with accounting records after an audit has been |
| completed and delivered to the superintendent.__An agreement under which |
| the union committee performs the functions of fiscal agent may be renewed |
| for a period not to exceed 3 years.__Each renewal may be approved only in |
| accordance with the procedures described in this section. |
