LD 1
pg. 62
Page 61 of 83 PUBLIC Law Chapter 2 Page 63 of 83
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LR 328
Item 1

 
(2)__The following statement must accompany the article
in subparagraph (1).__"Explanation: The school
administrative unit's contribution to the total cost of
funding public education from kindergarten to grade 12 as
described in the Essential Programs and Services Funding
Act is the amount of money determined by state law to be
the minimum amount that each municipality must raise in
order to receive the full amount of state dollars."

 
C.__The state share of the total cost of funding public
education from kindergarten to grade 12 as described in
section 15688, excluding state-funded debt service for each
school administrative unit, is limited to the same
proportion as the local school administrative unit raises of
its required contribution to the total cost of education as
described in section 15688, excluding state-funded debt
service costs.

 
2.__Non-state-funded debt service.__For each school
administrative unit's contribution to debt service for non-state-
funded major capital school construction projects or non-state-
funded portions of major capital school construction projects,
the legislative body of each school administrative unit may vote
to raise and appropriate an amount up to the municipality's or
district's annual payments for non-state-funded debt service.

 
A.__An article in substantially the following form must be
used when a school administrative unit is considering the
appropriation for debt service allocation for non-state-
funded school construction projects or non-state-funded
portions of school construction projects.

 
(1)__"Article ....: To see what sum the (municipality
or district) will raise for the annual debt service
payments on a non-state-funded school construction
project or non-state-funded portion of a school
construction project in addition to the funds
appropriated as the local share of the school
administrative unit's contribution to the total cost of
funding public education from kindergarten to grade 12.__
(Recommend $......)"

 
(2)__The following statement must accompany the article
in subparagraph (1).__"Explanation: Non-state-funded
debt service is the amount of money needed for the
annual payments on the (municipality's or district's)
long-term debt for major capital school construction


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