1. (f) In a regional school district comprised of two members, if the revised budget is not approved by the local appropriating authorities of both members, the regional school committee shall again reconsider, amend, and adopt a revised budget and shall convene a district-wide meeting in accordance with M.G.L. c. 71, § 16B, at which the revised budget shall be placed before all voters eligible to vote at said meeting. If a majority of voters at this district-wide meeting votes to approve the revised budget, such vote shall constitute approval. If a majority of voters at this district-wide meeting votes to approve a greater or lesser amount for the budget, such amount shall be placed before the regional school committee. If the regional school committee by a two-thirds vote of the full committee ratifies such amount, it shall constitute approval. If the regional school committee rejects such amount, it shall again reconsider, amend, and adopt a revised budget and shall reconvene a district-wide meeting pursuant to the provisions of this section 603 CMR 41.05(3)(f).

2. (g) A district-wide meeting convened in accordance with 603 CMR 41.05(3)(f) shall only consider budgets based on the statutory assessment method.

3. (h) A regional school committee may reconsider, amend, and adopt a revised budget at any time prior to the approval of a previously adopted budget.

4. (i) If a local appropriating authority votes to approve an adopted budget subsequent to the required date for such action but prior to the regional school committee's revision of the budget, such vote shall be deemed valid.

5. (j) Whenever a member's assessment is reduced to a lesser amount than previously appropriated by the local appropriating authority, that appropriation shall automatically be reduced to the lesser amount.