Common use of Authorized Uses for Excess Hydro Revenues Clause in Contracts

Authorized Uses for Excess Hydro Revenues. The Annual GBRA Payment shall be used by the WCID for any lawful purpose including the funding of all or a portion of the payment of the Annual Requirement for the Annual Payment Period; provided, however, to the extent the Annual GBRA Payment received by the WCID in any year exceeds $430,000.00, then the Excess Hydro Revenues shall be deposited and restricted as follows: (i) The first $100,000 of the Excess Hydro Revenues shall be deposited by the WCID into the CRR Fund, invested only in Authorized Investments and used only in accordance with Section 5.6 below; and (ii) Any additional Excess Hydro Revenues shall be deposited by the WCID into a dedicated fund (the “Hydro Fund”), invested only in Authorized Investments, that may be used only in accordance with Section 5.6 below.

Authorized Uses for Excess Hydro Revenues. The Annual GBRA Payment shall be used by the WCID for any lawful purpose including the funding of all or a portion of the payment of the Annual Requirement for the Annual Payment Period; provided, however, to the extent the Annual GBRA Payment received by the WCID in any year exceeds $430,000.00370,000.00, then the Excess Hydro Revenues shall be deposited and restricted as follows: (i) The first $100,000 of the Excess Hydro Revenues shall be deposited by the WCID into the CRR Fund, invested only in Authorized Investments and used only in accordance with Section 5.6 below; and (ii) Any additional Excess Hydro Revenues shall be deposited by the WCID into a dedicated fund (the “Hydro Fund”), invested only in Authorized Investments, that may be used only in accordance with Section 5.6 below.