Sentences with phrase «sending excess funds»

Meanwhile, students gain access to the cash money because lenders are in the habit of sending excess funds once courses are paid for back to the borrower.

Not exact matches

This past legislative session, these charter school and education reform entities spent in excess of $ 500,000 successfully persuading legislators to cut their own district's public school funding, at the same time they were sending even more taxpayer money to Connecticut's charter schools, despite the fact that these private institutions have traditionally refused to educate their fair share of students who need special education services, children who require help learning the English Language or those who have behavioral issues.

(hh) If the unencumbered amount of cumulative surplus revenue from tuition held by a charter school at the end of a fiscal year, less (i) the amount of the fourth quarter tuition payment, (ii) the amount held in reserve for the purchase or renovation of an academic facility pursuant to a capital plan, and (iii) any reserve funds held as security for bank loans, exceeds 20 per cent of its operating budget and its budgeted capital costs for the succeeding fiscal year as is reported in a capital plan to be submitted in the school's most recent annual report, the amount in excess of said 20 per cent shall be returned by the charter school to the sending district or districts and the state in proportion to their share of tuition paid during the fiscal year.