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MAINE SCHOOL ADMIN. DIST. NO. 15 v. RAYNOLDS

413 A.2d 523 (1980)

MAINE SCHOOL ADMINISTRATIVE DISTRICT NO. 15 et al. v. Harold RAYNOLDS, Jr., Commissioner, et al.

Supreme Judicial Court of Maine.

Argued January 14, 1980.

Decided April 16, 1980.

Attorney(s) appearing for the Case

Verrill & Dana, Michael T. Healy (orally), Portland, for School Administrative Dist. No. 15.

Drummond, Woodsum, Plimpton & MacMahon, P. A., Harry R. Pringle (orally), Portland, for School Administrative Dist. No. 24.

Waldemar G. Buschmann, Asst. Atty. Gen. (orally), Augusta, for defendants.

Before McKUSICK, C. J., and WERNICK, GODFREY and ROBERTS, JJ.

WERNICK, Justice.

We have before us appeals from a judgment of the Superior Court (Cumberland County) taken by plaintiff, Maine School Administrative District No. 15 (MSAD No. 15) and intervenor plaintiff, Maine School Administrative District No. 24 (MSAD No. 24).1 The judgment adjudicated that the plaintiff and the intervenor plaintiff lacked legal right to retain for their own unrestricted use the income earned from the temporary investment...

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