Repayment of Overpayment. The Academy shall be directly responsible for reimbursing the State for any overpayments of State School Aid Payments. At its option, the State may reduce subsequent State School Aid Payments by the amount of the overpayment or may seek collection of the overpayment from the Academy. In the event an overpayment of any kind is made to the Academy by the Fiscal Agent, the Acdemy shall be directly responsible for reimbursing the Fiscal Agent.
Appears in 4 contracts
Samples: Oversight Agreement, Oversight Agreement, www.emich.edu
Repayment of Overpayment. The Academy shall be directly responsible for reimbursing the State for any overpayments of State School Aid Payments. At its option, the State may reduce subsequent State School Aid Payments by the amount of the overpayment or may seek collection of the overpayment from the Academy. In the event an overpayment of any kind is made to the Academy by the Fiscal Agent, the Acdemy shall be directly responsible for reimbursing the Fiscal Agent.
Appears in 2 contracts
Samples: Fiscal Agent Agreement, Terms and Conditions
