§ 21-60. Excess revenues.

Latest version.

If the benefit district has any surplus unobligated revenues within a fiscal year, these revenues shall be retained by the benefit district in an interest bearing account and the surplus revenues and interest accrued shall be used to accelerate the payment of the benefit district's debt service and/or to build classroom additions or other educational facilities within the benefit district. The determination of any surplus revenue shall be made at the same time the annual budget is adopted by the benefit district.

(Ord. No. 03-15, § 10, 9-15-03)

                    
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