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Regional vocational committee approves SMEC capital reserve policy changes, raises stated cap to $2 million
Summary
The Greater New Bedford Regional Vocational Technical High School District Committee voted Nov. 10 to approve amendments to the SMEC Capital Reserve policy, including raising the policy's stated maximum balance to $2,000,000.
The Greater New Bedford Regional Vocational Technical High School District Committee voted Nov. 10 to approve amendments to the SMEC Capital Reserve account policy that change wording and raise the policy's stated maximum balance to $2,000,000.
Chairperson introduced the item and noted that Catherine Cooper from SMEC would be present to answer questions. Catherine Cooper explained the proposed changes, saying the policy needs a stated maximum…
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