If at the end of a fiscal year a school district has a combined balance remaining in its teachers' and incidental funds of less than one percent of the amount expended from the funds during the previous fiscal year, the department of elementary and secondary education shall send a notice advising the board of education and the chief operating officer of the district of such fact. The department of elementary and secondary education shall send a copy of such notice to the boards of education and chief operating officers of all adjoining school districts.
Mo. Rev. Stat. § 161.525
Fiscal year ending with balance of less than one percent in teachers' and..
Known as the Drug-Free Schools Act
The act spans §§ 161–161 (104 sections).
Effective: 17 Apr 1992, see footnote; (L. 1992 S.B. 581 § 3 subsec. 1)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.