Common use of COMPUTER LOAN PROGRAM Clause in Contracts

COMPUTER LOAN PROGRAM. Upon ratification, each fiscal year the District will allocate $91,015 (ninety one thousand and fifteen dollars) for the purpose of providing computer purchase loans to unit members in the amount not to exceed $2000 (two thousand dollars) each. Unit members may submit a request to AFT to borrow from the Computer Fund an amount not to exceed $2,000 (two thousand dollars) for the purchase of computer equipment and/or software. The specific timelines/application forms and procedures will be announced by AFT to all unit members. AFT will develop a procedure to select the unit members eligible for the loan by lot and will submit a list of the selected buyers to the District. Buyers will be notified by AFT that they have been selected to receive the interest free loan. The buyer must then submit a completed check request/payroll deduction form to the District within thirty (30) calendar days of the notification date. This form will be reviewed and approved by the District. Upon approval the buyer will be issued a check made out to the vendor as soon as practical. The buyer will have the option to choose to purchase from any vendor currently used by the District or, may pay the full amount of the loan from any vendor and be reimbursed by the District. Monthly payments will be determined by dividing the check amount by twelve (12). Payroll deductions will begin on the next available pay period following the date on the check. There will be no penalty for early payoff.

COMPUTER LOAN PROGRAM. Upon ratification, each fiscal year the District will allocate $91,015 12,000 (ninety one twelve thousand and fifteen dollars) for the purpose of providing six (6) computer purchase loans to unit members in the amount not to exceed $2000 (two thousand dollars) each. Unit members may submit a request to AFT to borrow from the Computer Fund an amount not to exceed $2,000 2000 (two thousand dollars) for the purchase of computer equipment and/or software. The specific timelines/application forms and procedures will be announced by AFT to all unit members. AFT will develop a procedure to select the unit members employees eligible for the loan by lot and will submit a list of the selected buyers to the District. Buyers will be notified by AFT that they have been selected to receive the interest free loan. The buyer must then submit a completed check request/payroll deduction form to the District within thirty (30) calendar days of the notification date. This form will be reviewed and approved by the District. Upon approval the buyer will be issued a check made out to the vendor as soon as practical. The buyer will have the option to choose to purchase from any vendor currently used by the District or, may pre-pay the full amount of the loan from any vendor and be reimbursed by the District. Monthly payments will be determined by dividing the check amount by twelve eighteen (1218). Payroll deductions will begin on the next available pay period following the date on the check. There will be no penalty for early payoff.

COMPUTER LOAN PROGRAM. Upon ratification, each fiscal year the District will allocate $91,015 (ninety one thousand and fifteen dollars) for the purpose of providing computer purchase loans to unit members in the amount not to exceed $2000 (two thousand dollars) each. Unit members may submit a request to AFT to borrow from the Computer Fund an amount not to exceed $2,000 2000 (two thousand dollars) for the purchase of computer equipment and/or software. The specific timelines/application forms and procedures will be announced by AFT to all unit members. AFT will develop a procedure to select the unit members eligible for the loan by lot and will submit a list of the selected buyers to the District. Buyers will be notified by AFT that they have been selected to receive the interest free loan. The buyer must then submit a completed check request/payroll deduction form to the District within thirty (30) calendar days of the notification date. This form will be reviewed and approved by the District. Upon approval the buyer will be issued a check made out to the vendor as soon as practical. The buyer will have the option to choose to purchase from any vendor currently used by the District or, may pre-pay the full amount of the loan from any vendor and be reimbursed by the District. Monthly payments will be determined by dividing the check amount by twelve (12). Payroll deductions will begin on the next available pay period following the date on the check. There will be no penalty for early payoff.

COMPUTER LOAN PROGRAM. Upon ratification, each fiscal year the District will allocate $91,015 40,000 (ninety one forty thousand and fifteen dollars) for the purpose of providing twenty (20) computer purchase loans to unit members in the amount not to exceed $2000 (two thousand dollars) each. Unit members may submit a request to AFT to borrow from the Computer Fund an amount not to exceed $2,000 2000 (two thousand dollars) for the purchase of computer equipment and/or software. The specific timelines/application forms and procedures will be announced by AFT to all unit members. AFT will develop a procedure to select the unit members employees eligible for the loan by lot and will submit a list of the selected buyers to the District. Buyers will be notified by AFT that they have been selected to receive the interest free loan. The buyer must then submit a completed check request/payroll deduction form to the District within thirty (30) calendar days of the notification date. This form will be reviewed and approved by the District. Upon approval the buyer will be issued a check made out to the vendor as soon as practical. The buyer will have the option to choose to purchase from any vendor currently used by the District or, may pre-pay the full amount of the loan from any vendor and be reimbursed by the District. Monthly payments will be determined by dividing the check amount by twelve eighteen (1218). Payroll deductions will begin on the next available pay period following the date on the check. There will be no penalty for early payoff.

COMPUTER LOAN PROGRAM. Upon ratification, each fiscal year the District will allocate $91,015 40,000 (ninety one forty thousand and fifteen dollars) for the purpose of providing twenty (20) computer purchase loans to unit members in the amount not to exceed $2000 (two thousand dollars) each. Unit members may submit a request to AFT to borrow from the Computer Fund an amount not to exceed $2,000 2000 (two thousand dollars) for the purchase of computer equipment and/or software. The specific timelines/application forms and procedures will be announced by AFT to all unit members. AFT will develop a procedure to select the unit members employees eligible for the loan by lot and will submit a list of the selected buyers to the District. Buyers will be notified by AFT that they have been selected to receive the interest free loan. The buyer must then submit a completed check request/payroll deduction form to the District within thirty (30) calendar days of the notification date. This form will be reviewed and approved by the District. Upon approval the buyer will be issued a check made out to the vendor as soon as practical. The buyer will have the option to choose to purchase from any vendor currently used by the District or, may pay the full amount of the loan from any vendor and be reimbursed by the District. Monthly payments will be determined by dividing the check amount by twelve eighteen (1218). Payroll deductions will begin on the next available pay period following the date on the check. There will be no penalty for early payoff.