354.1. Where the total amount of expenses for the payment of which an assessment must be levied under section 226 exceeds 6% of the net expense of the school board or regional board, or the taxation rate for that assessment exceeds $0.25 per $100 of the standardized assessment of the taxable property included in the property tax base of the school board or regional board, that assessment shall be submitted to the approval of the electors in accordance with sections 396 and following.
For the purposes of this section, the property tax base of a regional board is equal to the aggregate of the standardized assessment of the taxable property in the territory of the regional board multiplied by the ratio between the number of students of the regional board and all the students under the jurisdiction of the school boards that are members thereof and the regional board.
The property tax base of a school board is equal to the aggregate of the standardized assessment of the taxable property in its territory multiplied by the difference between unity and the ratio established in the preceding paragraph.
This section does not apply in the case of a special tax levied under section 45 or 220.
1979, c. 72, s. 353; 1985, c. 8, s. 26; 1999, c. 40, s. 159.