What is the name of your state (only U.S. law)? Maine
I am hoping that someone out there has some guidance on this politically sticky issue:
5 years ago our local high school varsity soccer coach formed a small group of local citizens to obtain private financing to purchase lights for the high school soccer field, when our local school board was unable to obtain line item funding through public tax funds. The group incorporated, (I am not sure of the corporate filing status - but will find out next week), and the coach signed the $100k promissory note as a personal guarantor. The note was structured to be paid back out of gate receipts from varsity soccer night games, 'snack shack' revenue generated during those night games, and occasional donations. The note has been paid on-time, as scheduled, and is due to be paid off after this Fall 2008 season - so far, so good. Enter the problem: our high school has never had a football program, (we are a rural community - with only 7,000 total residents combined in the 5 towns that comprise our consolidated school district), but have a strong tradition in soccer. A football program was started in our high school last year, with $0 taxpayer funding - all expenses have been raised by donations, fundraising, etc.. The football team plans to use the same field that the soccer team uses, and plans to use the lights for night games. The soccer coach is feeling that his hard work is being taken out from underneath him, and essentially wants to take the lights off the current high school field, (land that is owned by the school district), and move them to a local municipally owned, recreational field complex. My question is: does the coach have ownership rights to the lights themselves? Or are they considered capital improvements to school property, and therefore are owned by the school? Sorry for such a long explanation, and if anyone has any thoughts it would be greatly appreciated! Thank-you.What is the name of your state (only U.S. law)?
I am hoping that someone out there has some guidance on this politically sticky issue:
5 years ago our local high school varsity soccer coach formed a small group of local citizens to obtain private financing to purchase lights for the high school soccer field, when our local school board was unable to obtain line item funding through public tax funds. The group incorporated, (I am not sure of the corporate filing status - but will find out next week), and the coach signed the $100k promissory note as a personal guarantor. The note was structured to be paid back out of gate receipts from varsity soccer night games, 'snack shack' revenue generated during those night games, and occasional donations. The note has been paid on-time, as scheduled, and is due to be paid off after this Fall 2008 season - so far, so good. Enter the problem: our high school has never had a football program, (we are a rural community - with only 7,000 total residents combined in the 5 towns that comprise our consolidated school district), but have a strong tradition in soccer. A football program was started in our high school last year, with $0 taxpayer funding - all expenses have been raised by donations, fundraising, etc.. The football team plans to use the same field that the soccer team uses, and plans to use the lights for night games. The soccer coach is feeling that his hard work is being taken out from underneath him, and essentially wants to take the lights off the current high school field, (land that is owned by the school district), and move them to a local municipally owned, recreational field complex. My question is: does the coach have ownership rights to the lights themselves? Or are they considered capital improvements to school property, and therefore are owned by the school? Sorry for such a long explanation, and if anyone has any thoughts it would be greatly appreciated! Thank-you.What is the name of your state (only U.S. law)?