Financial Management

Required Language in Contracts

Any contract or lease into which the Exploris School enters will contain the state required language:

“No indebtedness of any kind, incurred or created, by the charter school shall constitute an indebtedness of the State or its political subdivisions and no indebtedness of the charter school shall involve or be secured by the faith, credit or taxing power of the State or its political subdivisions” (NCGS 115C-218.105(b) .

Policy History: Adopted on: April 26, 2016 Reviewed by Governance Committee: November 2, 2017 Adopted by Board on: November 28, 2017