Common use of Surplus Funds Clause in Contracts

Surplus Funds. Under no circumstances shall any surplus funds be distributed to the Charter School’s board member(s), educational service provider or educational management organization. This subsection shall be construed consistent with the provisions of O.C.G.A. § 20-2-167(a)(5).

Appears in 11 contracts

Samples: Charter for Excelsior Village Academies, Charter for Excelsior Village Academies, Charter for Georgia Cyber Academy

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Surplus Funds. Under no circumstances shall any surplus funds be distributed to the Charter School’s 's board member(s), educational service provider or educational management organization. This subsection shall be construed consistent with the provisions of O.C.G.A. § 20-2-167(a)(52- l 67(a)(5).

Appears in 2 contracts

Samples: www.connectionsacademy.com, www.connectionsacademy.com

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Surplus Funds. Under no circumstances shall any surplus funds be distributed to the Charter School’s board member(s), educational service provider or educational management organization. This subsection shall be construed consistent with the provisions of O.C.G.A. § 20-2-167(a)(5).

Appears in 1 contract

Samples: Charter for Brookhaven

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