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