REAL Program Early Termination Liabilities
September 7, 2010
It is the determination of the Missouri State Library that for Fiscal Year 2011, REAL Program reserves may be used to cover early circuit termination penalties incurred by participating libraries electing to drop their connection(s) prior to ordinary premise circuit expiration.
Beginning in Fiscal Year 2012, libraries will be required to assume early termination liability as ordinary premise circuit terms expire and are renewed as a condition of MOREnet connectivity. As of July 1, 2011, the early termination liability for existing premise circuits will be the responsibility of each participating library.