Authorizer Budget for Two Percent Administrative Fee Sample Clauses

Authorizer Budget for Two Percent Administrative Fee. The amount of funding allocated to the School shall not be less than ninety-eight percent of the school-generated program costsxxiii. The Authorizer may withhold and use the remaining two percent of the school-generated program cost for its administrative support of the School. The Authorizer shall use the two percent amount withheld for the following purposes: • A portion of the expenditures supports the charter school division staff salaries and benefits. • A portion of the expenditures provides the resources needed to accomplish the oversight necessary such as supplies, hardware, software and other resources needed to support the work of the APS Charter School Office. • A fourth portion of the expenditures provides the resources needed from all other departments in APS that spend time working on issues related to charter schools, including but not limited to, Special Education, Technology, Title I, and Finance.
Sample 1Sample 2Sample 3See All (15)
AutoNDA by SimpleDocs
Authorizer Budget for Two Percent Administrative Fee. The amount of funding allocated to the School shall not be less than ninety-eight percent of the school-generated program costsxxiv. The Authorizer may withhold and use the remaining two percent of the school-generated program cost for its administrative support of the School. The Authorizer shall use the two percent amount withheld for the following purposes: 1. A portion of the expenditures supports the charter school division staff salaries and benefits. 2. A second portion of the expenditures supports the Public Education Commission’s work. This includes their travel, and expenses such as meals, hotels, and per diem. 3. A third portion of the expenditures provides the resources needed to accomplish the oversight necessary such as supplies, hardware, software and other resources needed to support the work of the CSD. 4. A fourth portion of the expenditures provides the resources needed from all other bureaus in the NMPED that spend time working on issues related to charter schools, including but not limited to, Special Education, Information Technology, Title I, School & Family Support Bureau, Student Nutrition, and School Budget.
Sample 1Sample 2Sample 3See All (6)
Authorizer Budget for Two Percent Administrative Fee. The amount of funding allocated to the School shall not be less than ninety-eight percent of the school-generated program costs23. The Authorizer may withhold and use the remaining two percent of the school-generated program cost for its administrative support of the School. The Authorizer shall use the two percent amount withheld for the following purposes: ● A portion of the expenditures supports the charter school division staff salaries and benefits. ● A portion of the expenditures provides the resources needed to accomplish the oversight necessary such as supplies, hardware, software and other resources needed to support the work of the APS Charter School Office. ● A fourth portion of the expenditures provides the resources needed from all other departments in APS that spend time working on issues related to charter schools, including but not limited to, Special Education, Technology, Title I, and Finance. 19 Section 22-8B-12(F) NMSA 1978. 20 Section 22-8B-12(K) NMSA 1978 (2012).
Sample 1

Related to Authorizer Budget for Two Percent Administrative Fee

  • Administrative Fee The Borrower agrees to pay to the Administrative Agent the annual administrative fee as described in the Fee Letter.

  • Instructions for Certification - Lower Tier Participants (Applicable to all subcontracts, purchase orders and other lower tier transactions requiring prior FHWA approval or estimated to cost $25,000 or more - 2 CFR Parts 180 and 1200) a. By signing and submitting this proposal, the prospective lower tier is providing the certification set out below. b. The certification in this clause is a material representation of fact upon which reliance was placed when this transaction was entered into. If it is later determined that the prospective lower tier participant knowingly rendered an erroneous certification, in addition to other remedies available to the Federal Government, the department, or agency with which this transaction originated may pursue available remedies, including suspension and/or debarment. c. The prospective lower tier participant shall provide immediate written notice to the person to which this proposal is submitted if at any time the prospective lower tier participant learns that its certification was erroneous by reason of changed circumstances. d. The terms "covered transaction," "debarred," "suspended," "ineligible," "participant," "person," "principal," and "voluntarily excluded," as used in this clause, are defined in 2 CFR Parts 180 and 1200. You may contact the person to which this proposal is submitted for assistance in obtaining a copy of those regulations. “First Tier Covered Transactions” refers to any covered transaction between a grantee or subgrantee of Federal funds and a participant (such as the prime or general contract). “Lower Tier Covered Transactions” refers to any covered transaction under a First Tier Covered Transaction (such as subcontracts). “First Tier Participant” refers to the participant who has entered into a covered transaction with a grantee or subgrantee of Federal funds (such as the prime or general contractor). “Lower Tier Participant” refers any participant who has entered into a covered transaction with a First Tier Participant or other Lower Tier Participants (such as subcontractors and suppliers).

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!