Newry Students Attending SAD 44 Schools – 10 Year Non-Exclusive Tuition and Enrollment Agreement Sample Clauses

Newry Students Attending SAD 44 Schools – 10 Year Non-Exclusive Tuition and Enrollment Agreement. For a term of ten (10) years commencing on the Effective Date, SAD 44 shall accept enrollment of any Newry resident students for whom the New Newry SAU does not maintain grades. The tuition rate payable by the New Newry SAU to SAD 44 for Newry resident students attending SAD 44 schools in the nine (9) year period following the year after the Effective Date pursuant to the terms of this Agreement shall be as follows. The tuition rate for elementary students, exclusive of students receiving special education services, shall be the tuition payment provided under Section 5804(1) of Title 20-A (for purposes of illustration only, this rate was calculated by DOE as $8,663.92 per student for FY 2015); the tuition rate for secondary students, exclusive of students receiving special education services, shall be the tuition rate computed as provided under Section 5805(1) of Title 20-A without regard to Section 5805(2) (for purposes of illustration only, that rate was calculated by DOE as $10,556.40 per student for fiscal year 2015). These tuition rates shall not include a debt service factor as described in Sections 5804(3) and 5805(4). In addition to these elementary and secondary tuition rates, pursuant to sections 5804(1), 5804(3), 5805(2), and 5805(4) of Title 20-A, the parties agree that SAD 44 may charge a debt service factor (“Debt Service Factor”) during the second through tenth year of the tuition agreement under this section for any (i) newly incurred capital outlay and debt service for Telstar Middle/High School and Crescent Park Elementary School to the extent permitted by law; and (ii) newly incurred renovation project capital outlay and debt service costs for Telstar Middle/High School and Crescent Park Elementary School to the extent permitted by law. The parties agree that the Debt Service Factor shall not exceed 10% of the legal tuition rate per student in any one year and must be limited to a period of time not to exceed SAD 44’s repayment period for the capital outlay and debt service. The parties agree that the amount of the Debt Service Factor in any year is that dollar amount which is proportional to the cost of the project(s) and the number of tuition students, that is, a percentage of the amount for capital outlay and debt service equal to the percentage of Telstar Middle/High School students or Crescent Park School students that are resident Newry students. SAD 44 will invoice the New Newry SAU for tuition on a semi-annual basis payable by th...
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