123b for Dummies 9

published on 09 February 2024

123b

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A board adopting a resolution Based on clause (1) is answerable for its share of bonded indebtedness or other personal debt as proposed because of the governing overall body utilizing the agreement. A college board adopting a resolution In accordance with clause (two) is not answerable for the bonded indebtedness or other debt, as proposed because of the governing body, relevant to the solutions or pursuits in which the district ceases collaborating or delivering money aid.

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(b) An appointment created underneath paragraph (a) shall not be successful if a petition to reject the appointee is filed with The college district clerk. To be legitimate, a petition to reject an 123b appointee has to be signed by quite a few suitable voters residing from the district equal to no less than 5 % of the full amount of voters voting while in the district at The newest point out basic election, and have to be filed inside thirty times of your board's adoption in the resolution building the appointment.

When payment of a claim cannot be deferred until another board Assembly with no reduction into the district of a reduction privilege, or when payment of a claim can't be deferred until the following board meeting because of deal conditions, acquire order phrases, or simply a seller's conventional conditions which are Section of the deal, the claim could be compensated prior to board acceptance, providing which the board:

Payment prior to board acceptance have to not have an effect on the best from the district or a taxpayer to challenge the validity of the claim.

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(one) the district's real expenditure for nonpublic nonregular transportation during the 2nd preceding faculty year; situations

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