New Hampshire Statutes
§ 195:7 — Costs of Capital Outlay and Operation
I. If a cooperative school district was organized prior to July 1, 1963, during the first 5 years after the formation of a cooperative school district each preexisting district shall pay its share of all capital outlay costs and operational costs in accordance with either one of the following formulas as determined by a majority vote of the cooperative district meeting:
(a)All such costs shall be apportioned on the basis of the ratio that the equalized valuation of each preexisting district bears to that of the cooperative district; or
(b)One-half of all such costs shall be apportioned on the basis of the ratio that the equalized valuation of each preexisting district bears to that of the cooperative district and 1/2 shall be apportioned on the average daily membership for the preceding
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Legislative History
1951, 213:1, par. 7. RSA 195:7. 1955, 334:9. 1959, 195:1. 1961, 206:4. 1996, 158:5; 222:15. 1999, 17:37, eff. April 29, 1999; 281:5, eff. July 16, 1999.
Nearby Sections
15
§ 195:1
Definitions§ 195:10
Disposal of Property§ 195:11
Continuance of Trust Funds§ 195:11-a
Capital Reserves and Cash Balances§ 195:12
Budget§ 195:12-a
Budget Committee§ 195:13
Meetings, Annual, Special§ 195:14
Certification of District Taxes§ 195:15
State Aid§ 195:15-a
Building Aid§ 195:16
Enlargement of Territory§ 195:16-a
Increase or Decrease in Grades§ 195:16-b
Power of Eminent Domain