Collaborative Fund. The Board shall establish and manage a fund to be known as the EDCO Collaborative Fund, herein, “the Fund”.
Collaborative Fund. 1. The Board shall establish and manage a fund to be known as the Assabet Valley Collaborative Educational Collaborative Fund (herein, “the AVC fund”).
2. The AVC fund shall be the depository of all monies paid by the member districts and non-member districts and all grants, gifts, or contracts from the federal government, state government, charitable foundations, private corporations, or any other source; all such monies shall be paid directly to the collaborative Board and deposited in the fund.
3. The Treasurer, subject to the direction of the Board, shall receive and disburse all money belonging to the collaborative without further appropriation.
4. All payments must be approved by the Board.
5. The Treasurer may make appropriate investments of funds of the collaborative not immediately necessary for operations, consistent with M.G.L. c. 44, § 55B.
Collaborative Fund. The board shall establish and manage a fund to be known as the New England Education Collaborative Fund (herein, “the NEEC fund”). The NEEC fund shall be the depository of all monies paid by the member districts and non-member districts and all grants, gifts, or contracts from the federal government, state government, charitable foundations, private corporations, or any other source; all such monies shall be paid directly to the board and deposited in the fund. The treasurer, subject to the direction of the board, shall receive and disburse all money belonging to the collaborative. All payments must be approved by the board. The treasurer may make appropriate investments of funds of the collaborative not immediately necessary for operations, consistent with M.G.L. c. 44, § 55B.
Collaborative Fund. 1. The board shall establish and manage a fund to be known as the New England Education Collaborative Fund (herein, “the NEEC fund”).
2. The NEEC fund shall be the depository of all monies paid by the member districts and non-member districts and all grants, gifts, or contracts from the federal government, state government, charitable foundations, private corporations, or any other source; all such monies shall be paid directly to the board and deposited in the fund.
3. The treasurer, subject to the direction of the board, shall receive and disburse all money belonging to the collaborative.
4. All payments must be approved by the board.
5. The treasurer may make appropriate investments of funds of the collaborative not immediately necessary for operations, consistent with M.G.L. c. 44, § 55B. The agreement must contain the procedure for the review and approval of all borrowing, loans, and mortgages, or acquisition of real property 603 CMR 50.03(5)(b)12. Further, the collaborative board must ensure that any borrowing, loan, or mortgage is cost-effective and necessary to carry out the purposes for which the collaborative is established, and also, is in the best interest of the collaborative and its member districts. 603 CMR 50.04(3)(d)3. The law further provides that any such borrowing, loans, or mortgages shall be consistent with the written agreement of the educational collaborative and shall be consistent with standard lending practices. M.G.L. c. 40, § 4E.
Collaborative Fund. The Board shall establish and manage a fund to be known as the ACCEPT Educational Collaborative Fund (herein, "the ACCEPT fund"). The ACCEPT fund shall be the depository of all monies paid by the member districts and non-member districts and all grants, gifts, or contracts from the federal government, state government, charitable foundations, private corporations, or any other source; all such monies shall be paid directly to the Collaborative and deposited in the fund.
Collaborative Fund. 1. The Collaborative herein agrees to establish an Educational Collaborative Fund known as the Central Massachusetts Collaborative Fund (herein referred to as the Collaborative Fund) whi ch shall be overseen by the Collaborative Board of Directors.
2. The Collaborative Fund may be held in various accounts in various financial institutions. The Collaborative Fund shall be the depository for all funds received by the Collaborative from member and non - member distri cts, all grants, or gifts to the Collaborative from the federal government, state government, charitable foundations, private corporations or any other s ource; all such monies shall be paid directly to CMC and deposited in said collaborative fund.
3. The Board of Directors shall appoint a Treasurer of the C ollaborative Fund as set f xxxx in section VI G of this Agreement. No member of the Collaborative Board shall be eligible to serve as Treasurer of the CMC.
4. Subject to the direction of the Board of Directors, the Treasurer is authorized to receive and disburse funds of the CMC Fund without further appropriation.
5. The Treasurer shall annually give bond f or the faithful performance of duties and, to the extent required by applicable law or regulation, such bond shall be in a f orm and amount approved by the Commonwealth of Massachusetts Department of Revenue, and the Board of Direct ors of the CMC. Any funds of the CMC Fund not immediately necessary for operations may be invested by the Treasurer, consistent with the provisions and requirements of applicable law or regulation, including but n ot limited to Section SSE of Chapter 44 of the General Laws.
6. Compensation f or the Treasurer of the C ollaborative shall be established by the Board.
Collaborative Fund. 1. The Board shall establish and manage a fund to be known as the FLLAC Collaborative Fund. The FLLAC Collaborative Fund shall be the depository of all monies paid by the member districts and non-member districts and all grants, gifts, or contracts from the federal government, state government, charitable foundations, private corporations, or any other source; all such monies shall be paid directly to the Collaborative Board and deposited in the Fund.
2. The treasurer, subject to the direction of the Board, shall receive and disburse all money belonging to the Collaborative without further appropriation.
3. All payments must be approved by the Board.
4. The Treasurer, with the approval of the Board, may make appropriate investments of funds of the Collaborative not immediately necessary for operations, consistent with M.G.L. c. 44, § 55B.
Collaborative Fund. 1. The Treasurer reviews, approves, and signs all payments; an additional signature of one Board member is required on payments as determined by the Board; all warrants are reviewed, approved, and signed by Board members at the next Board meeting in open session.
Collaborative Fund. 1. The Board herein agrees to establish and manage a Collaborative General fund, known as the READS Fund (hereinafter known as the Fund).
2. The Fund shall be the deposit01y of all monies paid by the Member Districts and Non-Member Districts and all grants, gifts, or contracts from the federal government, state government, charitable foundations, private corporations, or any other source; all such monies shall be paid directly to the Collaborative Board and will deposited in the General fund, in accordance with all applicable law and regulations.
3. The Treasurer, subject to the direction of the Board, shall receive and disburse all money belonging to the Collaborative, without further appropriation.
4. All payments must be approved in accordance with the READS procedure for wanant signing which includes a requirement that all wanants be signed by two of the three Board Members of the Executive Committee.
5. The Treasurer may make appropriate investments of funds of the Collaborative not immediately necessary for operations, consistent with M.G.L. c. 44, § 55B.
Collaborative Fund. 1. The Board shall establish and manage a fund to be called the PAC Collaborative Fund.
2. All monies contributed by the Member Committees and Non-Member Committees, and all other monies, grants, or gifts from the federal government, state government, charitable foundations, private corporations, or any other source, shall be deposited in the PAC Collaborative Fund.
3. The Treasurer, subject to the direction of the Board, shall receive and disburse all money belonging to the Collaborative without further appropriation.
4. All payments must be approved by the Board.
5. The Treasurer may make appropriate investments of funds of the Collaborative not immediately necessary for operations, consistent with M.G.L. c. 44, § 55B.
