Section 10: Board of trustees; borrowing funds for school operation and for capital expenditure
[Text of section effective until July 1 preceding the opening of the Essex North Shore agricultural and technical school. Repealed by 2004, 463, Sec. 1. See 2004, 463, Sec. 18 as amended by 2010, 130, Sec. 7.]
Section 10. The board of trustees may borrow funds for the operation of a school and for capital improvements; but any borrowing in excess of one year shall require the prior approval of the commissioner of education and the chief municipal official, or his designee, of every municipality having students enrolled at the school. Notwithstanding any general or special law to the contrary, a school shall be deemed an eligible institution for financing assistance provided by the Health and Educational Facilities Authority established under chapter 614 of the acts of 1968.