13-16-9.2. Five-year plan required when fund used to construct new facilities or additions.
Any school district using the capital outlay fund for payment of construction of new facilities or construction of additions to facilities must develop and maintain a five-year plan on the annual projected revenues and the annual projected expenditures for the capital outlay fund and such projected expenditures shall itemize the projected costs for new or additional facilities.
Source: SL 1977, ch 126, §1.