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C. In a municipality, the meeting must be called by the | | municipal officers: |
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| | | (1) Within 15 days after receipt of a request from the | | school board, if the request is received within 15 days | | of the budget meeting at which the budget was finally | | approved and it specifies the article or articles to be | | reconsidered; or |
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| | | (2) Within 15 days after receipt of a written | | application presented in accordance with Title 30-A, | | section 2532, if the application is received within 15 | | days of the budget meeting at which the budget was | | finally approved and it specifies the article or | | articles to be reconsidered. |
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| | | 3.__Invalidation of action of special budget reconsideration | | meeting. If a special budget meeting is called to reconsider | | action taken at a regular budget meeting, the actions of the | | meeting are invalid if the number of voters at the special budget | | meeting is less than the number of voters present at the regular | | budget meeting. |
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| | | 4.__Line-item transfers. Meetings requested by a school board | | for the purpose of transferring funds from one category or line | | item to another must be posted for voter or council action within | | 15 days of the date of the request. |
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| | | §15695. Bonds; notes; other |
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| | | All bonds, notes or other evidences of indebtedness issued for | | school purposes by a school administrative unit for major capital | | expenses, bus purchases or current operating expenses, including | | tax or other revenue anticipation notes, are general obligations | | of the unit. |
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| | | 1.__Tax assessments. The municipal officers or school board | | shall require the sums that are necessary to meet in full the | | principal of and interest on the bonds, notes or other evidences | | of indebtedness issued pursuant to this section payable in each | | year to be assessed and collected in the manner provided by law | | for the assessment and collection of taxes. |
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| | | 2.__Reduction. The sums to be assessed and collected under | | subsection 1 must be reduced by the amount of an allocation of | | funds appropriated by the Legislature to pay the principal and | | interest owed by the school administrative unit in a given year | | as certified to the unit by the commissioner. The commissioner |
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