STATE FUNDED This part is applicable if the recipient is a nonstate entity as defined by Section 215.97(2)
Surplus Funds Any surplus funds remaining at the close of each fiscal year will be used to enhance the Charter School’s academic program. Under no circumstances shall any surplus be distributed to the Charter School’s employee(s), board member(s), educational service provider or educational management organization. Nothing in this section shall be construed to prevent the Charter School from setting aside surplus funds in a reserve account or budgeting and awarding performance bonuses as part of their annual operating expenses.
TRUSTS and Funds ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ TRUST ▇▇▇▇ ▇▇▇▇▇▇▇ CALIFORNIA TAX-FREE INCOME FUND ▇▇▇▇ ▇▇▇▇▇▇▇ CAPITAL SERIES ▇▇▇▇ ▇▇▇▇▇▇▇ CURRENT INTEREST ▇▇▇▇ ▇▇▇▇▇▇▇ EXCHANGE-TRADED FUND TRUST ▇▇▇▇ ▇▇▇▇▇▇▇ INVESTMENT TRUST ▇▇▇▇ ▇▇▇▇▇▇▇ INVESTMENT TRUST II ▇▇▇▇ ▇▇▇▇▇▇▇ MUNICIPAL SECURITIES TRUST ▇▇▇▇ ▇▇▇▇▇▇▇ SOVEREIGN BOND FUND ▇▇▇▇ ▇▇▇▇▇▇▇ STRATEGIC SERIES
Transfer to Certain Plans and Funds (1) You may transfer escrow securities within escrow to or between a registered retirement savings plan (RRSP), registered retirement income fund (RRIF) or other similar registered plan or fund with a trustee, where the annuitant of the RRSP or RRIF, or the beneficiaries of the other registered plan or fund are limited to you and your spouse, children and parents, or, if you are the trustee of such a registered plan or fund, to the annuitant of the RRSP or RRIF, or a beneficiary of the other registered plan or fund, as applicable, or his or her spouse, children and parents. (2) Prior to the transfer the Escrow Agent must receive: (a) evidence from the trustee of the transferee plan or fund, or the trustee’s agent, stating that, to the best of the trustee’s knowledge, the annuitant of the RRSP or RRIF, or the beneficiaries of the other registered plan or fund do not include any person or company other than you and your spouse, children and parents; (b) a transfer power of attorney, executed by the transferor in accordance with the requirements of the Issuer’s transfer agent; and (c) an acknowledgement in the form of Schedule “B” signed by the trustee of the plan or fund. (3) Within 10 days after the transfer, the transferee of the escrow securities will file a copy of the acknowledgment with the securities regulators in the jurisdictions in which the Issuer is a reporting issuer.
Trust Funds The Owner hereby gives power to the Agent to deposit all receipts collected for the Owner, less any sums properly deducted or disbursed, in a financial institution whose deposits are insured by an agency of the United States government. The funds shall be held in a trust account separate from the Agent’s personal accounts. The Agent shall not be liable in the event of a bankruptcy or failure of a financial institution. All funds managed under this section must be done so in accordance with applicable law.