Common use of Surplus Funds Clause in Contracts

Surplus Funds. Under no circumstances shall any surplus funds be distributed to the Charter School’s board member(s), educational service provider or educational management organization. This subsection shall be construed consistent with the provisions of O.C.G.A. § 20-2-167(a)(5).

Appears in 21 contracts

Sources: Charter Agreement, Charter Agreement, Charter Agreement

Surplus Funds. Under no circumstances shall any surplus funds be distributed to the Charter School’s 's board member(s), educational service provider or educational management organization. This subsection shall be construed consistent with the provisions of O.C.G.A. § 20-2-167(a)(52- l 67(a)(5).

Appears in 2 contracts

Sources: Charter Agreement, Charter Agreement

Surplus Funds. Under no circumstances shall any surplus funds be distributed to the Charter School’s board member(s), educational service provider or educational management organization. This subsection shall be construed consistent with the provisions of O.C.G.A. § 20-2-167(a)(5).

Appears in 2 contracts

Sources: Charter Agreement, Charter Agreement