Ga. Comp. R. & Regs. R. 691-2-.07 - Multi-Year Contracts Beyond Charter Term
(1)
Required Provisions. State charter schools shall not enter into
multi-year contracts that extend beyond the length of their current charter
term for the acquisition of goods, materials, services, or supplies unless such
contracts contain the following provisions:
(a) The contract shall terminate absolutely
and without further obligation on the part of the charter school at the close
of the fiscal year in which the charter term concludes and at the close of each
succeeding charter term for which the contract may be renewed;
(b) The contract may be renewed only by a
positive action taken by the charter school; and
(c) The contract shall state the total
payment obligation of the charter school for the original contract term and
each renewal shall state the total payment obligation that may be incurred in
subsequent each charter term, if renewed.
(2)
Exclusion. This rule shall
not apply to multi-year contracts to lease or purchase facilities, vehicles, or
capital equipment.
Notes
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