The powers and duties of the board of trustees include the following:

1. 1. Policies and bylaws To develop and adopt policies and rules, including bylaws, necessary or useful for the operation of the school;

   [PL 1995, c. 485, §2 (AMD).]

2. 2. Administration To oversee the administration of the school, including the hiring of teachers and administrative support staff;

   [PL 1993, c. 706, Pt. A, §4 (NEW).]

3. 3. Financial management To appoint a treasurer, who need not be a member of the board of trustees, and to accept donations, bequests or other forms of financial assistance for any educational purpose from a public or private person or agency and to comply with rules and regulations governing grants from the Federal Government or from any other person or agency;

   [PL 1995, c. 485, §2 (AMD).]

4. 4. Budget development To prepare and adopt an annual budget for the operation of the school and to exercise budgetary responsibility and allocate for expenditure by the school and programs under its jurisdiction all the resources available for the operation of the school and its programs;

   [PL 1993, c. 706, Pt. A, §4 (NEW).]

5. 5. Indemnification To indemnify the trustees, officers, teaching staff and employees affiliated with the school and to purchase and maintain insurance to indemnify any such person to the extent provided in Title 13‑B, section 714;

   [PL 1993, c. 706, Pt. A, §4 (NEW).]

6. 6. Bonds To require security for the faithful performance of duties by the officers, trustees, employees and other agents of the school who are entrusted with the custody of the school securities or authorized to disburse the funds of the school. The security must consist of a bond, either a blanket bond or individual bond with a surety bond, or bonds having a minimum limitation of $100,000 coverage for each insured person. The expense of a bond is assumed by the school;

   [PL 1993, c. 706, Pt. A, §4 (NEW).]

7. 7. Property management To lease and to acquire by purchase any property, lands, buildings, structures, facilities or equipment and make improvements to facilities necessary to fulfill the purposes of this chapter. Any lease or lease-purchase agreement must have a term not to exceed 10 years and must be subject to annual appropriation of funds. The Eastern Aroostook Regional School Unit retains ownership of the Limestone Elementary School and the Limestone Junior Senior High School and shares those facilities with the school;

   [PL 2009, c. 486, §10 (AMD).]

8. 8. Certificates and diplomas To offer courses of study and grant diplomas and certificates on completion of courses of study. This may be done in cooperation with the sending school;

   [PL 1993, c. 706, Pt. A, §4 (NEW).]

9. 9. Contracts and agreements To enter into any contracts and agreements, to the extent that funds are available, in the execution of its powers under this chapter;

   [PL 1993, c. 706, Pt. A, §4 (NEW).]

10. 10. Delegation To delegate duties and responsibilities as necessary for the efficient operation of this chapter;

    [PL 1993, c. 706, Pt. A, §4 (NEW).]

11. 11. Criteria for enrollment To establish criteria to be used in determining eligibility of applicants for enrollment. The criteria must include methods of ensuring gender equity for students selected;

    [PL 1993, c. 706, Pt. A, §4 (NEW).]

12. 12. Student conduct To prepare and adopt procedures, rules and regulations to ensure the smooth operation of student conduct standards;

    [PL 1993, c. 706, Pt. A, §4 (NEW).]

13. 13. Geographical basis To develop and adopt an admissions policy to ensure that students from all over the State have an equal opportunity to attend the school;

    [PL 1993, c. 706, Pt. A, §4 (NEW).]

14. 14. Fees and charges To establish and collect necessary fees and to set policies relating to other appropriate charges for students;

    [PL 1993, c. 706, Pt. A, §4 (NEW).]

15. 15. Benchmarks and assessments To establish benchmarks and methods of assessing progress in the levels of academic achievement in mathematics and science for students who participate in school programs and to establish benchmarks and methods of assessing progress in the professional development of teachers who participate in school programs;

    [PL 1995, c. 485, §2 (AMD).]

16. 16. Report To report annually to the Governor, the joint standing committee of the Legislature having jurisdiction over education matters and the joint standing committee of the Legislature having jurisdiction over appropriations and financial affairs on the results of the assessment in subsection 15 and the general status of the school and to provide a financial audit of the school conducted by an independent auditor;

    [PL 1997, c. 760, §1 (AMD).]

17. 16-A. Quarterly financial statements To submit quarterly financial statements to the Governor, the joint standing committee of the Legislature having jurisdiction over education matters and the joint standing committee of the Legislature having jurisdiction over appropriations and financial affairs;

    [PL 1997, c. 760, §2 (NEW).]

18. 16-B. Sustainability report To submit to the joint standing committee of the Legislature having jurisdiction over education matters a sustainability report by February 1st of each year beginning February 1, 2024 and annually thereafter. The report must include a plan for and updates on student recruitment efforts, the rate of student attrition, graduation rate, a budget for and explanation of mental health services available to students and a discussion of the school's Limestone location;

    [PL 2023, c. 464, §2 (NEW).]

19. 17. Sue or be sued To sue or be sued in the name of the school; and

    [PL 1995, c. 485, §3 (NEW).]

20. 18. Other To do any other act necessary or useful for carrying out its powers, duties or purposes.

    [PL 1995, c. 485, §3 (NEW).]

PL 1993, c. 706, §A4 (NEW). PL 1995, c. 368, §LL3 (AMD). PL 1995, c. 485, §§2,3 (AMD). PL 1995, c. 625, §A22 (AMD). PL 1997, c. 760, §§1,2 (AMD). PL 1997, c. 772, §1 (AMD). PL 2009, c. 486, §10 (AMD). PL 2023, c. 464, §2 (AMD).