Common use of Financial Emergency and Recovery Plan Clause in Contracts

Financial Emergency and Recovery Plan. a. If a financial audit conducted by a certified public accountant in accordance with Section 218.39, Florida Statutes, reveals that one or more of the conditions in Section 218.503(1), Florida Statutes, have occurred or will occur if action is not taken to assist the School, the auditor shall notify the governing board of the School, the Sponsor, and the Commissioner of Education within 7 business days after the finding is made.

Financial Emergency and Recovery Plan. a. i) If a financial audit conducted by a certified public accountant in accordance with Section 218.39, Florida Statutes, reveals that one or more of the conditions in Section 218.503(1), Florida Statutes, have occurred or will occur if action is not taken to assist the School, the auditor shall notify the governing board of the School, the Sponsor, and the Commissioner of Education within 7 business days after the finding is made.

Financial Emergency and Recovery Plan. a. a) If a financial audit conducted by a certified public accountant in accordance with Section 218.39, Florida Statutes, reveals that one or more of the conditions in Section 218.503(1), Florida Statutes, have occurred or will occur if action is not taken to assist the School, the auditor shall notify the governing board of the School, the Sponsor, and the Commissioner of Education within 7 business days after the finding is made.