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Current as of January 01, 2024 | Updated by FindLaw Staff
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.
Cite this article: FindLaw.com - Montana Title 20. Education § 20-7-713. Adult education fund operating reserve - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-20-education/mt-code-ann-sect-20-7-713/
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