Additional Member. At the time of execution of this Agreement, the State of Colorado has not exercised its statutory entitlement to acquire an interest in the ALP. If it acquires an interest of at least 780 acre feet of annual depletions (or 1,560 acre feet of ALP water supply) no later than when the Final Cost Allocation (as defined in the Enabling Law) has been completed, then the State entity that owns the interest shall become a Party to this Agreement and a Member of the Association, subject to the Association’s acceptance of that entity’s applicable contract provisions, and the number of Members shall be enlarged to seven (7).
Appears in 2 contracts
Sources: Intergovernmental Agreement, Intergovernmental Agreement