The Lyme School •  Lyme, New Hampshire
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Policy Manual

Policy: DC
Taxing and Borrowing Authority/Limitations

No funds will be borrowed for capital building projects or other major capital items without the expressed approval of the School District electorate as determined by a vote of the School District at an annual or special School District meeting in accordance with the Municipal Finance Act.

ADOPTED: 10 December 1998

Statutory Reference:
RSA Ch. 33 (Municipal Finance Act)