B. Budget

§302A-1301 School system financial accountability. [Section effective until June 30, 2006. For section effective July 1, 2006, see below.] (a) Beginning with the 1995-1997 fiscal biennium, the department's administrative expenditures shall not exceed 6.5 per cent of the total department operating budget unless approved by the legislature.

(b) The department shall not transfer any funds appropriated under the school-based budgeting program EDN 100 of the state budget, except for unforeseeable circumstances that pose a threat to the health and safety of personnel and students, and subject to approval by the governor and notification to the legislature. [L 1996, c 89, pt of §2]

§302A-1301 School system financial accountability. [Section effective July 1, 2006. For section effective until June 30, 2006, see above.] (a) Beginning with the 1995-1997 fiscal biennium, the department's administrative expenditures shall not exceed 6.5 per cent of the total department operating budget unless approved by the legislature.

(b) Not less than seventy per cent of appropriations for the total budget of the department, excluding debt service and capital improvement programs, shall be expended by principals. [L 1996, c 89, pt of §2; am L 2004, c 51, §57]