Vermont § 836 - Tuition overcharge or undercharge

§ 836. Tuition overcharge or undercharge

• (a) Annually, on or before November 1, the Secretary shall inform each school board of
  a receiving public school, each board of trustees of a receiving approved independent
  school for which the Secretary has calculated a net cost per pupil, and each sending
  school district in Vermont of the calculated net cost per elementary or secondary
  pupil in the receiving schools. Each school board or board of trustees of a receiving
  school shall then determine whether it overcharged or undercharged any sending district
  for tuition charges and shall notify the district by December 15 of the same year
  of the amount due or the amount to be refunded or credited. (b) If the sending district has paid tuition charges in excess of three percent of the
  calculated net cost per elementary or secondary pupil and is not sending enough students
  to the receiving district to use the overcharge funds as credit against tuition, the
  receiving district shall refund the overcharge money by July 31; provided, however,
  that the refund shall be in the amount that exceeded a three-percent overcharge. Interest
  owed the sending district on overcharge monies shall begin to accrue on December 1,
  at the rate of one-half percent per month. (c) If the receiving district has undercharged tuition in an amount three percent or more
  than the calculated net cost per elementary or secondary pupil, the sending district
  shall pay the receiving district an amount equal to the amount of the undercharge
  that is between three percent and ten percent of the net cost per pupil. If payment
  is not made by July 31 of the year following the year in which the undercharge was
  determined, interest owed the receiving district on undercharge monies shall begin
  to accrue on August 1, at the rate of one percent per month. (Added 1995, No. 34, § 4; amended 1995, No. 129 (Adj. Sess.), § 1; 1997, No. 138 (Adj. Sess.), § 22; 2005, No. 54, § 10; 2013, No. 60, § 3; 2013, No. 92 (Adj. Sess.), § 102, eff. Feb. 14, 2014.) § 836. Tuition overcharge or undercharge [Repealed July 1, 2029 if contingency met] (Added 1995, No. 34, § 4; amended 1995, No. 129 (Adj. Sess.), § 1; 1997, No. 138 (Adj. Sess.), § 22; 2005, No. 54, § 10; 2013, No. 60, § 3; 2013, No. 92 (Adj. Sess.), § 102, eff. Feb. 14, 2014; repealed by 2025, No. 73, § 28.)