Common use of Authorization of Expenditures Clause in Contracts

Authorization of Expenditures. All decisions authorizing expenditures of funds from the Habitat Resources Damages Account, including without limitation disbursements to Trustees for their costs, require unanimous approval of the Voting Tie-Treater Trustee Council Members, and such decisions shall be memorialized in a Tie-Treater Trustee Council resolution signed by the Voting Tie- Treater Trustee Council Members or their designated agency representatives. Such resolutions may cover the entire sum approved for a given project, a project phase, or particular activities. The Council shall document use of funds from the Habitat Resources Damages Account, and the Lead Administrative Trustee shall provide an accounting to the Tie-Treater Trustee Council in a quarterly statement of account activity including all deposits, disbursements and interest earned. The Tie-Treater Trustee Council may unanimously approve an initial upfront allocation to cover Trustee costs associated solely with restoration planning, based on (i) a reasonable accounting of personnel participation and expenditures prior to MOA finalization; and (ii) a preliminary estimate of expenditures during the first year this MOA is in effect, such estimate not to exceed the administrative amount provided in the budgets attached hereto as Exhibit A. Use of any such upfront allocation must be documented and an accounting provided to the Tie- Treater Trustee Council. Thereafter, funds in the Habitat Resources Damages Account may be disbursed to a Trustee only pursuant to the attached budgets, which have been duly approved by the Tie-Treater Trustee Council. No additional funds in excess of the amount provided for in the attached budgets shall be used for administrative activities associated with habitat restoration planning.

Authorization of Expenditures. All decisions authorizing expenditures of funds from the Habitat Resources Damages Clovis Natural Resource Damage Account, including without limitation disbursements to Trustees for their costs, require unanimous approval of the Voting Tie-Treater Clovis Trustee Council Members, and such decisions shall be memorialized in a Tie-Treater Clovis Trustee Council resolution signed by the Voting Tie- Treater Clovis Trustee Council Members or their designated agency representatives. Such resolutions may cover the entire sum approved for a given project, a project phase, or particular activities. The Council shall document use of funds from the Habitat Resources Damages Clovis Natural Resource Damage Account, and the Lead Administrative Trustee shall provide an accounting to the Tie-Treater Clovis Trustee Council in a quarterly statement of account activity including all deposits, disbursements and interest earned. The Tie-Treater Clovis Trustee Council may unanimously approve an initial upfront allocation to cover Trustee costs associated solely with restoration planning, based on (i) a reasonable accounting of personnel participation and expenditures prior to MOA finalization; and (ii) a preliminary estimate of expenditures during the first year this MOA is in effect, such estimate not to exceed the administrative amount provided in the budgets attached hereto as Exhibit A. Use of any such upfront allocation must be documented and an accounting provided to the Tie- Treater Clovis Trustee Council. Thereafter, funds in the Habitat Resources Damages Clovis Natural Resource Damage Account may be disbursed to a Trustee only pursuant to the attached budgets, which have been duly approved by the Tie-Treater Clovis Trustee Council. No additional funds in excess of the amount provided for in the attached budgets shall be used for administrative activities associated with habitat restoration planning.