161.525. Fiscal year ending with balance of less than one percent in teachers' and incidental funds--notice requirements. - Missouri Statutes

Fiscal year ending with balance of less than one percent in teachers'and incidental funds--notice requirements.

161.525. If at the end of a fiscal year a school districthas a combined balance remaining in its teachers' and incidentalfunds of less than one percent of the amount expended from thefunds during the previous fiscal year, the department ofelementary and secondary education shall send a notice advisingthe board of education and the chief operating officer of thedistrict of such fact. The department of elementary andsecondary education shall send a copy of such notice to theboards of education and chief operating officers of all adjoiningschool districts.

(L. 1992 S.B. 581 § 3 subsec. 1)

Effective 4-17-92