(d) Prior to issuing bonds or incurring other financial debt, the governing system answerable for utilizing the settlement should adopt a resolution proposing to issue bonds or incur other credit card debt and also the proposed money result of the bonds or other personal debt on each taking part district. The resolution have to be adopted in a time sufficient to enable the board to adopt a resolution inside the time permitted by this paragraph and to adjust to the statutory deadlines established forth in sections 122A.

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(b) This subdivision shall not have an effect on the continued liability of a district for its share of bonded indebtedness or other debt incurred on account of any arrangement just before July one, 1993. The district is liable only until the obligation or debt is discharged and only in accordance with the payment program in impact on July one, 1993, except the payment routine might be altered for the goal of restructuring debt or refunding bonds exceptional on July 1, 1993, if the yearly payments with the district are usually not greater and if the full obligation of The varsity district for its share of fantastic bonds or other personal debt just isn't amplified.

The board might set up and sustain summertime faculty applications and intersession classes of flexible university yr packages.

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(b) For functions of calculating the yearly nonpublic pupil aid entitlement for textbooks, the term shall be limited to books, workbooks, or manuals, whether sure or in free-leaf kind, along with Digital guides and also other printed products delivered electronically, meant for use being a principal supply of research product for just a supplied class or a gaggle of scholars.

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The board of any unbiased university district may expend funds to pay for premiums on hospitalization and big medical insurance policy protection for officers and workforce who retire ahead of age 65.

The board must 1xbet offer for that payment of all just promises versus the district in scenarios furnished by law.

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Notwithstanding subdivision 3, if a college district plus a town jointly individual a creating or web-site, the district and town could enter into an settlement that extends outside of the tip in the fiscal year to pay for operating prices for that developing or web page.

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Pub: 21 Feb 2024 17:50 UTC
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