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Amend the bill in section 2 in §1312-A in subsection 1 in the 2nd line (page 1, line 28 in L.D.) by inserting after the following: "and benefits" the following: ', by including a request in the district budget and receiving voter approval of a referendum at a district meeting or a district budget meeting'
Amend the bill in section 2 in §1312-A in subsection 3 in the 2nd line (page 1, line 36 in L.D.) by inserting after the following: "vote of the district" the following: 'voters on a referendum'
Amend the bill by inserting after section 2 the following:
‘Sec. 3.  20-A MRSA §1352, sub-§2, ¶J  is enacted to read:
 
J.  When a referendum is called for the purposes of approving the establishment of a reserve fund for operating costs or expending the sum in the reserve fund as set forth in section 1312-A, the articles must be substantially as follows.
 
(1) "Shall the board of directors of School Administrative District No....... be authorized to establish a reserve fund for up to 3 months' operating costs, including salary and benefits?
Yes No "
’
 
(2) "Shall the board of directors of School Administrative District No....... be authorized to expend the sum in the reserve fund for operating costs in an amount not to exceed $......., which was voted by the district on .................. (date)?
Yes No "
 
Amend the bill by relettering or renumbering any nonconsecutive Part letter or section number to read consecutively.
 
SUMMARY
This amendment is the majority report of the committee. The amendment adds a provision authorizing a school administrative district to establish a reserve fund for operating costs and to expend money from the reserve fund by including a request in the district budget and receiving voter approval of a referendum article at a district meeting or a district budget meeting.