7.__Required data; subsidy payments withheld.__A school administrative unit shall provide the commissioner with information that the commissioner requests to carry out the purposes of this chapter, according to time schedules that the commissioner establishes.__The commissioner may withhold monthly subsidy payments from a school administrative unit when information is not filed in the specified format and with specific content and within the specified time schedules.

8.__Unobligated balances.__Unobligated balances from amounts appropriated for general purpose aid for local schools may not lapse but must be carried forward to the next fiscal year.

§15689-C.__Commissioner's recommendation for funding levels;

computations

1.__Annual recommendation. Prior to December 15th of each year, the commissioner, with the approval of the state board, shall recommend to the Governor and the Department of Administrative and Financial Services, Bureau of the Budget the funding levels that the commissioner recommends for the purposes of this chapter.

2.__Funding level computations. The following are the funding level computations that support the commissioner's funding level recommendations:

A.__The requested funding levels for the operating allocation under section 15683;

B.__The requested funding levels for debt service under section 15683-A, which are as follows:

(1)__The known obligations and estimates of anticipated principal and interest costs for the allocation year;

(2)__The expenditures for the insured value factor for the base year;

(3)__The level of lease payments and lease-purchase payments pursuant to section 15672, subsection 2-A for the year prior to the allocation year; and

(4)__Funds allocated by the state board for new school construction projects funded in the current fiscal year;