Common use of District Loans Clause in Contracts

District Loans. ‌ Schools may not borrow funds from the District without approval from the District Board. If the School has an unplanned emergency that could result in borrowing, the District Superintendent or designee should be notified to discuss the financial issue, forecast and any necessary revised business plan.

District Loans. ‌ Schools may not borrow funds from the District without approval from the District Board. If the School has an unplanned emergency that could result in borrowing, the District Superintendent or designee should be notified to discuss the financial issue, forecast and any necessary revised business plan.