Financial Insolvency. Pursuant to Section 302D-28.5, HRS, any public charter school that becomes financially insolvent shall be deemed to have surrendered its charter. For the purpose of this provision, the School shall be determined to be financially insolvent when it is unable to pay its staff when payroll is due. The School shall cooperate with the Commission in ensuring the orderly closure of the School. The School shall comply with the Commission’s closure policies and protocol, once adopted by the Commission.
Appears in 32 contracts
Samples: www.chartercommission.hawaii.gov, www.chartercommission.hawaii.gov, www.chartercommission.hawaii.gov
Financial Insolvency. Pursuant to Section HRS §302D-28.5, HRS, any public charter school that becomes financially insolvent shall be deemed to have surrendered its charterCharter Contract. For the purpose of this provision, the School shall be determined to be financially insolvent when it is unable to pay its staff when payroll is due. The School shall cooperate with the Commission in ensuring the orderly closure of the School. The School shall comply with the Commission’s closure policies and protocol, once as adopted by the Commission.
Appears in 19 contracts
Samples: Charter School Contract, Charter School Contract, Charter School Contract
Financial Insolvency. Pursuant to Section HRS §302D-28.5, HRS, any public charter school that becomes financially insolvent shall be deemed to have surrendered its charterCharter Contract. For the purpose of this provision, the School shall be determined to be financially insolvent when it is unable to pay its staff when payroll is due. The School shall cooperate with the Commission in ensuring the orderly closure of the School. The School shall comply with the Commission’s closure policies and protocol, once as adopted by the Commission.
Appears in 5 contracts
Samples: Charter School Contract, Charter School Contract, Charter School Contract
Financial Insolvency. Pursuant to Section 302D-28.5, HRS, any public charter school that becomes financially insolvent shall be deemed to have surrendered its charter. For the purpose of this provision, the School shall be determined to be financially insolvent when it is unable to pay its staff when payroll is due. The School shall cooperate with the Commission in ensuring the orderly closure of the School. The School shall comply with the Commission’s closure policies and protocol, once adopted by the Commission.
Appears in 1 contract
Samples: www.chartercommission.hawaii.gov
Financial Insolvency. Pursuant to Section HRS §302D-28.5, HRS, any public charter school that becomes financially insolvent shall be deemed to have surrendered its charterCharter. For the purpose of this provision, the School shall be determined to be financially insolvent when it is unable to pay its staff when payroll is due. The School shall cooperate with the Commission in ensuring the orderly closure of the School. The School shall comply with the Commission’s closure policies and protocol, once adopted by the Commission.
Appears in 1 contract
Samples: Charter School Contract