Withholding of Funds. In the event the Charter School fails to submit to the Board any documents or information required under this Agreement, or fails to follow any law, regulation, procedure and/or policy referenced in this Agreement, excepting reasonable delay due to physical plant casualties, technological failures or circumstances beyond the Charter School’s control, the Board may withhold any and all payments of funds to the Charter School providing the Board gives the Charter School written notice enumerating the specific failure(s). Upon the Charter School’s compliance with any such failure(s), the Board shall immediately release any and all payments of funds due the Charter School.
Appears in 2 contracts
Withholding of Funds. In the event the Charter School fails to submit to the Board any documents or information required under this Agreement, or fails to follow any law, regulation, procedure and/or policy referenced in this Agreement, excepting reasonable delay due to physical plant casualties, technological failures or circumstances beyond the Charter School’s control, the Board may withhold up to 50% of any and all payments of funds to the Charter School providing the Board gives the Charter School written notice enumerating the specific failure(s). Upon the Charter School’s compliance with any such failure(s), the Board shall immediately release any and all payments of funds due the Charter School.
Appears in 2 contracts
