Capital Expenditure Budget. (i) The General Manager shall prepare and submit to each member of the CRC Board at least 30 days prior to the beginning of each CRC fiscal year, a Capital Expenditure Budget for such fiscal year, specifying for such year the schedule of Program Maintenance and Shared Asset capital improvements to be performed and constructed for the benefit of both Operators during such fiscal year and the months therein during which such expenditures are proposed to be made, for approval, or modification and approval, by the CRC Board.
Appears in 9 contracts
Samples: Operating Agreement (Norfolk Southern Corp), Operating Agreement (CSX Corp), Operating Agreement (CSX Corp)
