Collaborative Fund. 1. The Board shall establish and manage a fund to be known as the EDCO Collaborative Fund, herein, “the Fund”.
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. 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. 1. The Board shall establish and manage a fund to be known as the Assabet Valley Collaborative Educational Collaborative Fund (herein, “the AVC fund”).
Collaborative Fund. 1. The board shall establish and manage a fund to be known as the CAPS Education Collaborative Fund (herein, “the CAPS fund”).
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”).
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).
Collaborative Fund. 1. The Board shall establish and manage a fund to be called the PAC Collaborative Fund.
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.
Collaborative Fund. 1. The Board shall establish and manage a fund to be known as the Keystone Collaborative Fund. The Keystone 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.
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.
