Common use of Commission Use of Withheld Funds Clause in Contracts

Commission Use of Withheld Funds. Pursuant to § 22-8B-9 (B)(8) NMSA 1978, the Commission will use the withheld funds of the school-generated program cost and provide details of how the funds are used as follows: By June 30 for each year of the term of this Charter Contract, the Commission shall direct the CSD to post to the Commission Website an oversight and expenditure budget estimate for the upcoming year using the monies withheld from the budgets of the charter schools authorized by the Commission. Pursuant to § 22-8B-13 NMSA 1978, CSD may withhold and use up to two percent of the school- generated program cost for its administrative support of a charter school.

Commission Use of Withheld Funds. Pursuant to § 22-8B-9 (B)(8) NMSA 1978, the Commission will use the withheld funds of the school-generated program cost and provide details of how the funds are used as follows: By June 30 for each year of the term of this Charter Contract, the Commission shall direct the CSD to post to the Commission Website an oversight and expenditure budget estimate for the upcoming year using the monies withheld from the budgets of the charter schools authorized by the Commission. Pursuant to § 22-8B-13 NMSA 1978, CSD may withhold and use up to two percent of the school- school-generated program cost for its administrative support of a charter school.

Commission Use of Withheld Funds. CSD may withhold and use up to two percent of the school-generated program cost for its administrative support of a charter school. Pursuant to § 22-8B-9 (B)(8) 8B-13 NMSA 1978, the detailed description of how the Commission will use the withheld funds of the school-generated program cost and provide details of how the funds are used will be provided as follows: By June 30 for each year of the term of this Charter Contract, the Commission shall direct the CSD to post to the Commission Website website an oversight and expenditure budget estimate for the upcoming year using the monies withheld from the budgets of the charter schools authorized by the Commission. Pursuant to § 22-8B-13 NMSA 1978, CSD may withhold and use up to two percent of the school- generated program cost for its administrative support of a charter school.

Commission Use of Withheld Funds. Pursuant to § 22-8B-9 (B)(8) NMSA 1978, the 30 Commission will use the withheld funds of the school-generated program cost and provide details of 31 how the funds are used as follows: 32 By June 30 for each year of the term of this Charter Contract, the Commission shall direct the 33 CSD to post to the Commission Website an oversight and expenditure budget estimate for the upcoming 34 year using the monies withheld from the budgets of the charter schools authorized by the Commission. Pursuant to § 22-8B-13 NMSA 1978, CSD may withhold and use up to two percent of the school- generated program cost for its administrative support of a charter school.