Rhode Island § 16-3-20 § 16-3-20. Appropriations by member towns.

Rhode Island Statutes

§ 16-3-20 — § 16-3-20. Appropriations by member towns.

Rhode Island·Title 16 Education·Ch. 16-3 Establishment of Regional School Districts [See Title 16 Chapter 97 â€” The Rhode Island Board of Education Act]

§ 16-3-20. Appropriations by member towns.
(a) Each city or town that is a member of a regional school district shall annually appropriate
            a sum sufficient to pay its proportionate share of the interest on the bonds and notes
            issued and outstanding under authority of this chapter, and also to pay its proportionate
            share of the principal of the bonds and notes maturing in any one year until the bonds
            and notes are fully paid.
         
(b) Each city or town that is a member of the district shall annually appropriate a sum
            sufficient to pay its proportionate share of the operation of the regional school
            dis

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§ 16-3-20. Appropriations by member towns.

(a) Each city or town that is a member of a regional school district shall annually appropriate a sum sufficient to pay its proportionate share of the interest on the bonds and notes issued and outstanding under authority of this chapter, and also to pay its proportionate share of the principal of the bonds and notes maturing in any one year until the bonds and notes are fully paid.

(b) Each city or town that is a member of the district shall annually appropriate a sum sufficient to pay its proportionate share of the operation of the regional school district in accordance with the terms of the agreement.

Rhode Island § 16-3-20 (§ 16-3-20. Appropriations by member towns.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.