Common use of Operational Powers Clause in Contracts

Operational Powers. Subject to the conditions and provisions of this Contract, the School shall be fiscally responsible for its own operations within the limitations of any funding provided by the District and other revenues derived by the School consistent with law. 8.7.1. The School shall have authority to exercise independently, also consistent with federal and state law, the following powers (including such other powers as are provided for elsewhere in this Contract): contract for goods and services; prepare a budget; select personnel and determine their compensation; procure insurance; lease facilities for school purposes; purchase, lease or rent vehicles, furniture, equipment and supplies; and retain fees collected from students in accordance with such conditions as are consistent with law and not contrary to any of the terms of this Contract. 8.7.2. The School shall comply with applicable provisions of Article X, Section 20, of Colorado Constitution. The School shall not enter into any agreement or contract that gives rise to a multiple-year direct or indirect debt or other financial obligation whatsoever on the part of the School without the prior express written consent of the District. 8.7.3. In exercising its powers, the School shall make available to the District copies of all written policies or procedures it may develop with respect to any matter relating to its operational and educational program upon request by the District. 8.7.4. The School shall clearly indicate to vendors and entities and individuals outside the District with which or with whom the School enters into an agreement of contract for goods or services that obligations of the School under such agreement or contract are solely the responsibility of the School and are not the responsibility of the District.