Common use of No Interlocal Entity Clause in Contracts

No Interlocal Entity. This Agreement does not create an “interlocal entity,” but is considered a “joint or cooperative undertaking,” as those terms are defined by Section 11-13- 103 of the Act. Each Party is responsible for its own budget. Except to the extent that service and administrative costs are calculated and allocated hereunder, there will be no financing of this joint or cooperative undertaking and no joint budget will be established or maintained. Each Party will be responsible for its own administration and record-keeping, and to establish its own budget as required by law.