Budget of Local Government Sample Clauses

Budget of Local Government. For each Fiscal Year during the term of the Local Bond and this Agreement, the County Administrator of the Local Government shall include as a separate line item in each annual budget of revenues and disbursements presented to the governing body of the Local Government an item designated "VRA 2017A Special Fund Payments" in an amount sufficient, in the judgment of the County Administrator, to make all of the payments of debt service on the Local Bond and pay all other amounts payable by the Local Government under this Agreement during such Fiscal Year. As set forth in the Local Resolution, the governing body of the Local Government has stated that although it recognizes that it is not empowered to make any binding commitment beyond the current Fiscal Year, it is the governing body's current intention to make sufficient annual appropriations during the term of the Local Bond and this Agreement to make the aforementioned payments.
Sample 1
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