Common use of State and Local Funds Clause in Contracts

State and Local Funds. The Authorizer shall allocate one hundred percent (100%) of state and local student-generated funds for member schools as provided in T.C.A. § ▇▇-▇▇-▇▇▇ and as calculated by the formula provided by the Tennessee Department of Education, in accordance with T.C.A. § 49-3-101 et. seq. The Authorizer shall allocate and distribute state and local funds to the Charter School by the 15th of the month in August, September, October, November, December, January, February, March, April, and June, in accordance with Tenn. Comp. R. & Regs. 0520-14-01-.03 (1) (f) and the calculations provided by the Tennessee Department of Education. The Parties agree that the student-generated local funds for member schools shall be subject to recoupment, in whole or in part, wherever reductions to total school and/or district allocations, as calculated by the Tennessee Department of Education or Authorizer, result in an amount due to the State of Tennessee or geographic LEA. Any such calculations or reductions shall be determined in accordance with the requirements of applicable law and State Board of Education rule.

State and Local Funds. The Authorizer shall allocate one hundred percent (100%) of state and local student-generated funds for member schools as provided in T.C.A. § ▇▇-▇▇-▇▇▇ and as calculated by the formula provided by the Tennessee Department of Education, in accordance with T.C.A. § 49-3-101 et. seq. The Authorizer shall allocate and distribute one-tenth of state and local funds to the Charter School by the 15th of the month in August, September, October, November, December, January, February, March, April, and June, in accordance with Tenn. Comp. R. & Regs. 0520-14-01-.03 (1) (f) and the calculations provided by the Tennessee Department of Education. The Parties agree that the student-generated local funds for member schools shall be subject to recoupment, in whole or in part, wherever reductions to total school and/or district allocations, as calculated by the Tennessee Department of Education or Authorizer, result in an amount due to the State of Tennessee or geographic LEA. Any such calculations or reductions shall be determined in accordance with the requirements of applicable law and State Board of Education rule.