Capital Funding in School Districts Research Paper

Capital Funding in School Districts - Research Paper Example Replacing old buildings with new buildings, repairing old buildings, incorporating more facilities to the existing building etc are expensive acts. It is difficult for the school management or the authorities to find funds for the renovation or replacement of the school buildings from the tuition fees alone. According to a rough estimate done by the 2003 State Auditors Office report, statewide need is around $4.7 billion for the school building replacement or renovation (Colorado Department of Treasury, 2010). In short capital funding is necessary for the American schools to ensure the safety of the existing school buildings or to make new buildings. This paper briefly analyses various aspects of capital funding in schools. Capital funding or bonds in schools are the funds allocated to the schools by the government for the modernization of the school buildings according to locally agreed priorities established in the Schools Asset Management Plan. The government wants to raise the standards of education in schools and for that purpose, ample infrastructure facilities are necessary in the school compound. Capital funding is given to the individual schools by the authorities based on the requirements estimated by the school authorities and the local authorities. In UK, school capital funding is intended for the â€Å"standards focused projects which contribute to achieving government targets for educational improvement. Projects must have a minimum value of 500,000 of which 20% of the funding must be met from Local Authority/local sources† (Capital Funding for School Buildings, 2010) â€Å"It is important that school districts have the resources to help schools recover from unexpected natural damage. As a result of this capital funding, students in School District can focus their attention on the business of learning, and not the condition of their school†(Governor Quinn Highlights $4.3 Million in Capital Funds for New Belleville Elementary School). Transfer

The Bank of the Elena on Request of Don Research Paper

The Bank of the Elena on Request of Don - Research Paper Example Being one of the popular and important international commercial terms, ‘FOB’ is used very widely in international commercial transactions. ‘FOB’ is one of the F group terms denotes ‘Free on Board’ where the element of freight is undertaken to be paid by the buyer and the risk on the goods is deemed to pass to the buyer at the point where the goods are delivered to the specified carrier. The term FOB was originally developed with an intention to specify the responsibilities and liabilities of the parties under the contract. In the case of Pyrene v, Scindia three different variations of the FOB Contracts have been established. As a consequence in a FOB contract if the buyer fails to advise his nomination of a specific vessel within the time stipulated under the contract can be terminated by the seller. With this repudiation of the contract, the seller reserves the right to sell the goods to any other third party and also to recover any resultant l oss from the buyer. FOB is being used as one of the important commercial terms for the past two centuries and because of the familiarity traders do not wish to use other terms while formulating the sales contracts. However, this has resulted in using the term FOB wrongly as FOB Factory or FOB Plant which is an incorrect usage as stated by the International Chamber of Commerce According to the Chamber the term implies only ‘Free on Board’. Thus under the FOB contract, the seller need only to place the goods on board the ship which is nominated by the buyer. However as specified in Para B7 of Incoterms 2000, the buyer is obligated to give the seller sufficient notice of the vessel he has nominated.