CALCULATING THE AMOUNT OF. LOSS OF REVENUES BY THE DISTRICT. Subject to the provisions of Section 7.1, the amount to be paid by Applicant to compensate District for loss of Maintenance and Operations Revenue resulting from, or on account of, this Agreement for each year starting in the year of the Application Review Start Date and ending on the Final Termination Date (as set out in EXHIBIT 4), the “M&O Amount” shall be determined in compliance with the Applicable School Finance Law in effect for such year and according to the following formula: A. The M&O Amount owed by Applicant to District means the Original M&O Revenue
Appears in 3 contracts
Sources: Agreement for Limitation on Appraised Value of Property for School District Maintenance and Operations Taxes, Agreement for Limitation on Appraised Value of Property for School District Maintenance and Operations Taxes, Agreement for Limitation on Appraised Value of Property for School District Maintenance and Operations Taxes