Montana Statutes
§ 20-7-713 — Adult Education Fund Operating Reserve
20-7-713 . Adult education fund operating reserve. At the end of each school fiscal year, the trustees of a school district that operates an adult education program may designate the portion of the adult education end-of-the-year fund balance that is to be earmarked as operating reserve for the purpose of paying, whenever a cash flow shortage occurs, adult education fund warrants issued by the district from July 1 through June 30 of the ensuing school fiscal year. The amount of the adult education fund balance that is earmarked as operating reserve may not exceed 35% of the final adult education fund budget for the ensuing school fiscal year.
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Legislative History
En. Sec. 1, Ch. 120, L. 1981; amd. Sec. 6, Ch. 568, L. 1991; amd. Sec. 6, Ch. 767, L. 1991.
Nearby Sections
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§ 20-7-1001
Repealed§ 20-7-102
Accreditation Of Schools§ 20-7-105
K-12 Data Task Force§ 20-7-106
Terminated§ 20-7-107
Through 20-7-110 Reserved§ 20-7-1101
Repealed§ 20-7-111
Instruction In Public Schools§ 20-7-115
Private Music Instruction§ 20-7-116
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