Common use of Deteriorating Financial Condition Clause in Contracts

Deteriorating Financial Condition. In the event the School is identified as having a deteriorating financial condition as defined by Section 1002.345, Florida Statutes, the Sponsor shall conduct an expedited review of the School and the School and the Sponsor shall develop and file a Corrective Action Plan with the Florida Commissioner of Education in accordance with Section 1002.345, Florida Statutes.

Appears in 7 contracts

Samples: Charter School Agreement, Charter School Agreement, Charter School Agreement

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