Current Expenditures [Education] Law and Legal Definition
Pursuant to 20 USCS § 7713 (4) [Title 20. Education; Chapter 70. Strengthening and Improvement of Elementary and Secondary Schools; Impact Aid], the term current expenditures means “expenditures for free public education, including expenditures for administration, instruction, attendance and health services, pupil transportation services, operation and maintenance of plant, fixed charges, and net expenditures to cover deficits for food services and student body activities, but does not include expenditures for community services, capital outlay, and debt service, or any expenditures made from funds awarded under part A of title I and title VI [20 USCS §§ 6311 et seq. and 7301 et seq.]. The determination of whether an expenditure for the replacement of equipment is considered a current expenditure or a capital outlay shall be determined in accordance with generally accepted accounting principles as determined by the State.”
Legal Definition list
- Current Expenditures [Education]
- Current Continuous Service [Administrative Personnel]
- Current Assets
- Currens Test
- Currency Transaction Tax[CTT]
- Current Illegal Use of Drugs
- Current Intelligence
- Current Liabilities
- Current Licensing Basis - CLB [Energy]
- Current Market Price
- Current Market Value Buyout [Agriculture]
