Disposition of Assets upon Termination or Dissolution. All assets, including tangible, intangible, and real property in use by the School but originally owned by the state or assets purchased using up to 25 percent of public funds are the property of the state and shall be returned to the state upon termination or dissolution, in accordance with Commission policy and governing law. School owned assets, including tangible, intangible, and real property, remaining after paying the School’s debts and obligations and not requiring return or transfer to donors or grantors, or other disposition in accordance with state law, will be disposed of in accordance with governing state and federal law, including, but not limited to RCW 28A.710.210, and the rules adopted thereto. Section 16.1 Merger
Appears in 2 contracts
Disposition of Assets upon Termination or Dissolution. All assets, including tangible, intangible, and real property in use by the School but originally owned by the state or assets purchased using up to at least 25 percent of public funds are the property of the state and shall be returned to the state upon termination or dissolution, in accordance with Commission policy and governing law. School owned assets, including tangible, intangible, and real property, remaining after paying the School’s debts and obligations and not requiring return or transfer to donors or grantors, or other disposition in accordance with state law, will be disposed of in accordance with governing state and federal law, including, but not limited to RCW 28A.710.210, and the rules adopted thereto.
Section 16.1 Merger
Appears in 2 contracts
Disposition of Assets upon Termination or Dissolution. All assets, including tangible, intangible, and real property in use by the School but originally owned by the state or assets purchased using up to at least 25 percent of public funds are the property of the state and shall be returned to the state upon termination or dissolution, in accordance with Commission policy and governing law. School owned assets, including tangible, intangible, and real property, remaining after paying the School’s debts and obligations and not requiring return or transfer to donors or grantors, or other disposition in accordance with state law, will be disposed of in accordance with governing state and federal law, including, but not limited to RCW 28A.710.210, and the rules adopted thereto.
Section 16.1 Merger
Appears in 1 contract
Samples: Charter School Contract
Disposition of Assets upon Termination or Dissolution. All assets, including tangible, intangible, and real property in use by the School but originally owned by the state or assets purchased using up to 25 percent of public funds are the property of the state and shall be returned to the state upon termination or dissolution, in accordance with Commission policy and governing law. School owned assets, including tangible, intangible, and real property, remaining after paying the School’s debts and obligations and not requiring return or transfer to donors or grantors, or other disposition in accordance with state law, will be disposed of in accordance with governing state and federal law, including, but not limited to RCW 28A.710.210, and the rules adopted thereto.
Section 16.1 Merger
Appears in 1 contract
Samples: Charter Contract
