Section 13-37-42 - Limitation on expenditure of funds set aside for extraordinary expenditures

13-37-42. Limitation on expenditure of funds set aside for extraordinary expenditures.The amount set aside for extraordinary expenses may not be expended until the allocation of local need has been determined for each district and no more than one half of the amount set aside may be expended before January first of each year. Source: SL 1995, ch 101, §8.