§2515. Finance
(CONTAINS TEXT WITH VARYING EFFECTIVE DATES)
(WHOLE SECTION TEXT EFFECTIVE UNTIL 6/30/20)
1. State-local allocation. Expenses incurred under a cooperative agreement may be reported by the participating school administrative units as per-pupil amounts not related to staffing in addition to the items listed in section 15680.
[PL 2009, c. 154, §2 (NEW).]
2. Administrative costs. Costs for carrying out a cooperative agreement must be shared in accordance with the terms of the cooperative agreement, but costs of administration of the cooperative may not exceed 10% of the total budget of the cooperative agreement.
[PL 2009, c. 154, §2 (NEW).]
3. Cost savings. School administrative units that enter into a cooperative agreement shall share any identified cost savings in accordance with the method for redistributing cost savings set forth in the cooperative agreement. For the purposes of this chapter, the cost savings achieved are those cost savings directly associated with the categories of the specified educational functions and support services carried out in a region in accordance with a cooperative agreement for the delivery of prekindergarten to grade 12 education when comparing the base year costs to the costs in the subsequent fiscal year and adjusting for inflation.
[PL 2009, c. 154, §2 (NEW).]
SECTION HISTORY
PL 2009, c. 154, §2 (NEW). PL 2017, c. 284, Pt. VVVVV, §3 (RP). PL 2017, c. 284, Pt. VVVVV, §14 (AFF).
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