Common use of Disposition of Remaining Assets Clause in Contracts

Disposition of Remaining Assets. ‌ In the event that the School closes, in accordance with Commission policy and Applicable Law, the School shall return to the State any and all remaining public assets, including tangible, intangible, and real property in use by the School but originally owned by the State or assets purchased using at least 25 percent of public funds, provided that any outstanding obligations of the School are fulfilled first pursuant to HRS §302D-19. 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 grantor, or other disposition in accordance with federal and state law, will be disposed of in accordance with federal and state law, including but not limited to HRS §302D-19 as amended. This provision shall survive the term of this Charter Contract.

Disposition of Remaining Assets. ‌ In the event that the School closes, in accordance with Commission policy and Applicable Law, the School shall return to the State any and all remaining public assets, including tangible, intangible, and real property in use by the School but originally owned by the State or assets purchased using at least 25 percent of public funds, provided that any outstanding obligations of the School are fulfilled first pursuant to HRS §302D-19. 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 grantor, or other disposition in accordance with federal and state law, will be disposed of in accordance with federal and state law, including but not limited to HRS §302D-19 as amended. This provision shall survive the term of this Charter Contract.

Disposition of Remaining Assets. ‌ In the event that the School closes, in accordance with Commission policy and Applicable Law, the School shall return to the State state any and all remaining public assets, including tangible, intangible, and real property in use by the School but originally owned by the State state or assets purchased using at least 25 percent of public funds, provided that any outstanding obligations of the School are fulfilled first pursuant to HRS §302D-19. 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 grantor, or other disposition in accordance with federal and state law, will be disposed of in accordance with state and federal and state law, including but not limited to HRS §302D-19 as amended. This provision shall survive the term of this Charter Contractcontract.