Each town shall annually appropriate a highway budget equivalent to or greater than a sum of at least $300.00 per mile for each mile of class 1, 2, and 3 town highways within the town or it shall not be eligible for aid under this title. (Added 1985, No. 269 (Adj. Sess.), § 1; amended 2001, No. 64, § 14, eff. June 16, 2001.)