Pursuant to S. C. Code Xxx. § 59-40-140(D), the Sponsor shall distribute within ten business days after receipt of federal or state categorical aid funds, the proportional share of each categorical fund for which the School qualifies unless the School is under revocation or nonrenewal and the Sponsor is under court order to withhold payments to the School. The Sponsor shall notify the school when the Sponsor is notified of the allocation amount by the SCDE and provide a timeline consistent with applicable law for when the funds will be distributed.
Appears in 1 contract
Samples: Charter Contract
Pursuant to S. C. Code Xxx. § §59-40-140(D), the Sponsor shall distribute within ten 10 business days after receipt of federal or state categorical aid funds, the proportional share of each categorical fund for which the School qualifies unless the Sponsor’s Board of Trustees has voted to revoke or non-renew the School is under revocation or nonrenewal and in any circumstance in which the Sponsor is under court order has been directed not to withhold payments to the School. The Sponsor shall notify the school when the Sponsor is notified of the allocation amount by the SCDE and provide a timeline consistent with applicable law for when distribute the funds will be distributedby a legislative, administrative or judicial body.
Appears in 1 contract
Samples: Charter School Contract
Pursuant to S. C. Code Xxx. § §59-40-140(D), the Sponsor shall distribute within ten business days after receipt of federal or state categorical aid funds, the proportional share of each categorical fund for which the School qualifies unless the School is under revocation or nonrenewal and the Sponsor is under court order to withhold payments to the School. The Sponsor shall notify the school when the Sponsor is notified of the allocation amount by the SCDE and provide a timeline consistent with applicable law for when the funds will be distributed.; and
Appears in 1 contract
Samples: Charter Contract
Pursuant to S. C. Code Xxx. § §59-40-140(D), the Sponsor shall distribute within ten (10) business days after receipt of federal or state categorical aid funds, the proportional share of each categorical fund for which the School qualifies unless the School is under revocation or nonrenewal and the Sponsor is under court order to withhold payments to the School. The Sponsor shall notify the school when the Sponsor is notified of the allocation amount by the SCDE and provide a timeline consistent with applicable law for when the funds will be distributed.; and
Appears in 1 contract
Samples: Charter Contract
Pursuant to S. C. Code Xxx. § §59-40-140(D), the Sponsor shall distribute within ten business days after receipt of federal or state categorical aid funds, the proportional share of each categorical fund for which the School qualifies unless the School is under revocation or nonrenewal and the Sponsor is under court order to withhold payments to the School. The Sponsor shall notify the school when the Sponsor is notified of the allocation amount by the SCDE and provide a timeline consistent with applicable law for when the funds will be distributed.
Appears in 1 contract
Samples: Charter Contract
Pursuant to S. C. Code Xxx. § §59-40-140(D), the Sponsor shall distribute within ten 10 business days after receipt of federal or state categorical aid funds, the proportional share of each categorical fund for which the School qualifies unless the School is under revocation or nonrenewal and the Sponsor is under court order to withhold payments to the School. The Sponsor shall notify the school School when the Sponsor is notified of the allocation amount by the SCDE and provide a timeline consistent with applicable law for when the funds will be distributed.
Appears in 1 contract
Samples: Charter School Contract