Common use of Fiscal Stability Clause in Contracts

Fiscal Stability. The District’s agreement to offer this part-time medical benefit coverage is contingent upon state funding and the ability of the District to receive up to 100% reimbursement for expenditures directly attributable to the program. Should the District incur, due to no fault of their own, a liability greater than $300,000, the final state budget does not continue to fund part-time faculty medical benefits, does not fund part-time faculty medical benefits at a sustainable level, or if the Chancellor’s Office does not reimburse the District for 100% of the benefit contribution costs attributable to part-time faculty, the District may immediately reopen negotiations on Article