1. A. If the Board determines that a charter holder is not in compliance with its charter, other contractual agreements with the Board, federal or state law, or this Chapter, the Board may enter into a consent agreement with the charter holder to resolve the noncompliance.

2. B. The Board shall include the following in a consent agreement:

   1. 1. The reason for the consent agreement;
   2. 2. The facts and conditions to which the Board and charter holder agreed;
   3. 3. The actions the charter holder must take to demonstrate compliance and avoid further charter oversight;
   4. 4. The time within which the charter holder is to complete the actions specified under subsection (B)(3); and
   5. 5. After approval by both the Board and charter holder, the signatures of both the Board president and charter representative.

Historical Note

New Section made by final rulemaking at 23 A.A.R. 693, effective May 6, 2017 (Supp. 17-1).