Provisional Charter definition
Examples of Provisional Charter in a sentence
In the event that the Extension Application is not approved, then the parties to the Charter Agreement shall fulfill their respective obligations hereunder to the end of the term of the Provisional Charter, and the Education Corporation shall follow the procedures for dissolution as set forth in Education Law § 2851(2)(t) as supplemented by section 8.9 of this Charter Agreement.
The fiscal year of the Education Corporation shall begin on July 1 of each calendar year of the term of the Provisional Charter and shall end on June 30 of the subsequent calendar year.
In the event the Provisional Charter term does not correspond to the school’s renewal period, and the Provisional Charter would expire prior to the expiration of the school’s renewal term, the Trustees will, upon application, so extend the charter term unless there is cause to revoke or terminate the Charter at that time pursuant to the Act or this Charter Agreement.
Nothing contained herein shall require the Trustees to undertake the development of a Corrective Plan or be in derogation of the Trustees’ or the Regents’ ability to revoke the Provisional Charter, terminate the authority to operate a school, site or program, place the Education Corporation on probationary status, or initiate mandatory remedial action in accordance with the Act and sections 8.6 and 8.7 of the Charter Agreement.
To permit the Trustees to fulfill their oversight function under the Act and ensure that the Education Corporation and each of its schools is in compliance with all applicable laws, rules and regulations and the terms and conditions of this Charter Agreement and the Provisional Charter, the Education Corporation agrees to abide by the Monitoring Plan that the Institute will implement for the Education Corporation and each school as applicable, the requirements of which are set forth at Exhibit B.
Where a provision of the Charter Agreement conflicts with the Provisional Charter, the terms of the Provisional Charter shall govern.
In addition, the collective success of the Education Corporation’s schools in meeting such goals and measures shall be a criterion to be evaluated by the Trustees upon the Education Corporation’s application for extension of its Provisional Charter pursuant to Education Law § 2851(4) (legal renewal).
No later than August 1 in the calendar year prior to expiration of the Provisional Charter, the Education Corporation may provide to the Trustees an application to extend the Provisional Charter in accordance with Education Law § 2851(4) (the “Extension Application”).
As a quick read of a charter school’s Provisional Charter (certificate of incorporation) will show, the initial board of trustees of a charter school consists of those persons listed in the Charter Application.
Notwithstanding anything to the contrary in this section, the Prior Actions are in addition to any other condition set forth in the Provisional Charter, Charter Agreement, or the Act.