§ 412:10-600 Regular reserve
§ 412:10-601 Special reserves
§ 412:10-602 Risk assets

Terms Used In Hawaii Revised Statutes > Chapter 412 > Article 10 > Part VI - Reserve Allocations

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Authorizer: means an entity established under this chapter with chartering authority to review charter applications, decide whether to approve or deny charter applications, enter into charter contracts with applicants, oversee public charter schools, and decide whether to authorize, renew, deny renewal of, or revoke charter contracts. See Hawaii Revised Statutes 302D-1
  • Board: means the board of education. See Hawaii Revised Statutes 302D-1
  • charter: means a fixed-term, bilateral, renewable contract between a public charter school and an authorizer that outlines the roles, powers, responsibilities, and performance expectations for each party to the contract. See Hawaii Revised Statutes 302D-1
  • Charter application: means a proposal from an applicant to an authorizer to enter into a charter contract whereby the proposed school obtains public charter school status. See Hawaii Revised Statutes 302D-1
  • Commission: means the state public charter school commission established pursuant to [section] 302D-3 as a statewide authorizer. See Hawaii Revised Statutes 302D-1
  • Commissioner: means the commissioner of financial institutions of this State. See Hawaii Revised Statutes 412:1-109
  • Contract: A legal written agreement that becomes binding when signed.
  • Conversion charter school: means :

    (1) Any existing department school that converts to a charter school and is managed and operated in accordance with section 302D-13; or

    (2) Any existing department school that converts to a charter school and is managed and operated by a nonprofit organization in accordance with section 302D-13. See Hawaii Revised Statutes 302D-1

  • county: includes the city and county of Honolulu. See Hawaii Revised Statutes 1-22
  • Department: means the department of education. See Hawaii Revised Statutes 302D-1
  • Department school: means any school that falls within the definition of "public schools" as defined in § 302A-101 and that is not a charter school. See Hawaii Revised Statutes 302D-1
  • Executive director: means the executive director of the state public charter school commission. See Hawaii Revised Statutes 302D-1
  • Governing board: means the independent board of a public charter school that is party to the charter contract with the authorizer that:

    (1) Is responsible for the financial, organizational, and academic viability of the charter school and implementation of the charter;

    (2) Possesses the independent authority to determine the organization and management of the school, the curriculum, and virtual education;

    (3) Has the power to negotiate supplemental collective bargaining agreements with exclusive representatives of their employees and is considered the employer of charter school employees for purposes of chapters 76, 78, and 89; and

    (4) Ensures compliance with applicable state and federal laws. See Hawaii Revised Statutes 302D-1

  • Nonprofit organization: means a private, nonprofit, tax-exempt entity that:

    (1) Is recognized as a tax-exempt organization under the Internal Revenue Code; and

    (2) Is registered to do business in this State in accordance with chapter 414D. See Hawaii Revised Statutes 302D-1

  • public charter school: refers to those public schools and their respective governing boards, as defined in this section, that are holding current charter contracts to operate as charter schools under this chapter, including start-up and conversion charter schools, and that have the flexibility and independent authority to implement alternative frameworks with regard to curriculum, facilities management, instructional approach, virtual education, length of the school day, week, or year, and personnel management. See Hawaii Revised Statutes 302D-1