Common use of Public Budget Hearing and Budget Approval Clause in Contracts

Public Budget Hearing and Budget Approval. After conducting a public hearing consistent with MGL, Chapter 71, Section 38N, as amended, the Committee, by a minimum two-thirds (2/3) weighted vote of all its members, shall annually approve an operating budget for the next fiscal year to maintain and operate the District. The budget will be itemized in such detail as the Committee may deem advisable. Such budget shall be adopted not later than forty-five (45) days prior to the earliest date on which the business session of the annual town meeting of any member town is to be held, but in no event later than March 31, provided that said budget need not be adopted earlier than February 1. The amounts so apportioned for each member town shall be certified by the District Treasurer to the Treasurers of the member towns within thirty (30) days from the date on which the annual operating budget is adopted by the Committee. The annual budget, as adopted by a two-thirds (2/3) weighted vote of the Committee, must be approved by a simple majority vote at two-thirds (2/3) of the member town meetings. If the Committee votes to increase the District budget after the assessments have been appropriated by the member towns, the Committee shall notify the Selectboard in each member town within seven (7) days. No increase in the budget shall be effective until the expiration of forty-five (45) days after such notification during which time the Selectboard of any member town may call and hold a town meeting for the purpose of expressing disapproval of the increase in the District budget. The proposed amendment shall be effective if it is approved by two-thirds (2/3) of the local appropriating authorities and by the local appropriating authority of any member town whose assessment is increased. If a town takes no action within forty- five (45) days, this is construed as approval. [CMR 41.05 (5) (a)]

Appears in 2 contracts

Samples: Agreement, Agreement

AutoNDA by SimpleDocs

Public Budget Hearing and Budget Approval. After conducting a public hearing consistent with MGL, Chapter 71, Section 38N, as amended, the Committee, by a minimum two-thirds (2/3) weighted vote of all its members, shall annually approve an operating budget for the next fiscal year to maintain and operate the District. After deducting the amount of aid the District is to receive, the balance shall be apportioned among the member towns in accordance with Section V. The budget will be itemized in such detail as the Committee may deem advisable. Such budget shall be adopted not later than forty-five (45) days prior to the earliest date on which the business session of the annual town meeting of any member town is to be held, but in no event later than March 31, provided that said budget need not be adopted earlier than February 1. The amounts so apportioned for each member town shall be certified by the District Treasurer to the Treasurers treasurers of the member towns within thirty (30) days from the date on which the annual operating budget is adopted by the Committee. The annual budget, budget as adopted by a two-thirds (2/3) weighted vote of the Committee, must be approved by a simple majority vote at two-thirds (2/3) of the member both town meetings. If the Committee votes to increase the District budget after the assessments have been appropriated by the member towns, the Committee shall notify the Selectboard Selectmen in each member town within seven (7) days. No increase in the budget shall be effective until the expiration of forty-five (45) days after such notification during which time the Selectboard Selectmen of any member town may call and hold a town meeting for the purpose of expressing disapproval of the increase in the District budget. The proposed amendment , and if at such meeting a majority of the voters present and voting thereon express disapproval of the budget increase, such increase in the budget shall not be effective if it is approved by two-thirds (2/3) of and the local appropriating authorities and by the local appropriating authority of any member town whose assessment is increased. If Committee may prepare another proposal for a town takes no action within forty- five (45) days, this is construed as approval. [CMR 41.05 (5) (a)]budget increase.

Appears in 1 contract

Samples: Amended Agreement

Public Budget Hearing and Budget Approval. After conducting a public hearing consistent with MGL, MGL Chapter 71, Section 38N, as amended, the Committee, by a minimum two-thirds (2/3) weighted vote of all its membersvote, shall annually approve an operating budget for the next fiscal year to maintain and operate the District. The budget will be itemized in such detail as the Committee may deem advisable. Such budget shall be adopted not later than forty-five (45) days prior to the earliest date on which the business session of the annual town meeting of any member town is to be held, but in no event later than March 31, provided that said budget need not be adopted earlier than February 1. The amounts so apportioned for each member town shall be certified by the District Treasurer to the Treasurers of the member towns within thirty (30) days from the date on which the annual operating budget is adopted by the Committee. The annual budget, as adopted by a two-thirds (2/3) weighted vote of the full Committee, must be approved by a simple majority vote at two-thirds (2/3) of the member town meetings. If the The Committee votes may propose, with a two-thirds (2/3) vote, an amendment to increase the a previously approved District budget after the assessments have been appropriated by the member towns. If such amendment results in an increase in the total amount of the District budget or an increase in assessment for any member town, such amendment shall be submitted to the Committee local appropriating authorities for their approval. The treasurer of the District shall notify submit the Selectboard in each proposed amendment to the member town towns’ Select board within seven (7) daysdays from the date of the Committee vote. No increase in the budget shall be effective until Prior to the expiration of forty-five (45) days after from the date on which such notification during which time budget was adopted by the Selectboard of any regional school district committee, each member town town’s Select Board may call and hold a town meeting for the purpose of expressing disapproval of the increase in local appropriating authority to consider the District budgetamendment. The proposed amendment shall be effective if it is approved by two-thirds (2/3) of the local appropriating authorities and by the local appropriating authority of any member town whose assessment is increased. [603 CMR 41.05(5)(a)]. If a town has authorized a sufficient amount and takes no action within forty- forty-five (45) days, this is construed as approval. [CMR 41.05 (5) (a)]a positive vote to pass the amended District budget.

Appears in 1 contract

Samples: Agreement

AutoNDA by SimpleDocs

Public Budget Hearing and Budget Approval. After conducting a public hearing consistent with MGL, Chapter 71, Section 38N, as amended, the Committee, by a minimum two-thirds (2/3) weighted vote of all its members, shall annually approve an operating budget for the next fiscal year to maintain and operate the District. The budget will be itemized in such detail as the Committee may deem advisable. Such budget shall be adopted not later than forty-five (45) days prior to the earliest date on which the business session of the annual town meeting of any member town is to be held, but in no event later than March 31, provided that said budget need not be adopted earlier than February 1. The amounts so apportioned for each member town shall be certified by the District Treasurer to the Treasurers treasurers of the member towns within thirty (30) days from the date on which the annual operating budget is adopted by the Committee. The annual budget, as adopted by a two-thirds (2/3) weighted vote of the Committee, must be approved by a simple majority vote at all two-thirds (2/3) of the member town meetings. If the Committee votes to increase the District budget after the assessments have been appropriated by the member towns, the Committee shall notify the Selectboard in each member town within seven (7) days. No increase in the budget shall be effective until the expiration of forty-five (45) days after such notification during which time the Selectboard Selectmen of any member town may call and hold a town meeting for the purpose of expressing disapproval of the increase in the District budget. The proposed amendment shall be effective if it is approved by two-thirds (2/3) of the local appropriating authorities and by the local appropriating authority of any member town whose assessment is increased. If a town takes no action within forty- five (45) days, this is construed as approval. [CMR 41.05 (5) (a)]

Appears in 1 contract

Samples: resources.finalsite.net

Time is Money Join Law Insider Premium to draft better contracts faster.