72-6432. Exceeding general fund budget; penalty. (a) In case a district expends in any school year an amount for operating expenses which exceeds its general fund budget, the state board shall determine the excess and deduct the same from amounts of general state aid payable to the district during the next school year.
(b) The provisions of this section shall take effect and be in force from and after July 1, 1992.
History: L. 1992, ch. 280, § 28; May 28.
2013. Powered by KLISS. Rendered: 2013-05-21T12:30:29. Head Rev No: 346362