Common use of Deficit Financing Clause in Contracts

Deficit Financing. The school corporation will not enter into a contract agreement that would place the district in a position of deficit financing due to a reduction in General Fund revenue or an increase in expenditures when expenditures exceed the current year actual General Fund revenue (IC 20-29-6-3).

Appears in 8 contracts

Samples: Agreement, Agreement, Tentative Agreement

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