This bill amends the provisions of law governing the borrowing power belonging to school administrative districts and regional school unit boards. The bill amends the provisions governing temporary notes issued in anticipation of a sale of school construction bonds to extend the time period that applies when bonds are issued to fund temporary notes from a maximum period of 25 years to a maximum period of 30 years.

Statutes affected:
Bill Text LD 242, SP 108: 20-A.1311, 20-A.1490