Common use of Annual Budget and Administrative Expenses Clause in Contracts

Annual Budget and Administrative Expenses. The Board shall adopt a budget for administrative expenses, which shall include all expenses not included in any financing issue of the Authority, annually prior to July 1st of each year. The estimated annual administrative expenses of the Authority shall be allocated by the Authority to the Members equally.

Annual Budget and Administrative Expenses. The Board shall may adopt a budget for administrative expenses, which shall include all expenses not included in any financing issue of the Authority, annually prior to on or about July 1st of each year. The estimated annual administrative expenses of the Authority shall be allocated in such budget by the Authority to the Members equallyand any Associate Member in such manner as the Board may determine.

Annual Budget and Administrative Expenses. The Board shall adopt a budget for administrative expenses, which that shall include all expenses not included in any financing issue of the Financing Authority, annually prior to July 1st 1 of each year. The estimated annual administrative expenses of the Financing Authority shall be allocated by the Financing Authority to the Members equallyproportionally, based on the benefit from any bonds outstanding.

Annual Budget and Administrative Expenses. The Board shall may adopt a budget for administrative expenses, which shall include all expenses not included in any financing issue of the Authority, annually prior to on or about July 1st of each year. The estimated annual administrative expenses of the Authority shall be allocated in such budget by the Authority to the Members equallyin such proportion as the Board shall determine.