CONTRIBUTION CHANGES a. Participants may increase or decrease the amount of contributions made to the Plan pursuant to a Salary Reduction Agreement once each:
CONTRIBUTION CHANGES. A. Participants may increase or decrease the amount of contributions made to the Plan pursuant to a Salary Reduction Agreement once each: I Plan Year II Semi-annual period, based on the Plan Year /X/ III Quarter, based on the Plan Year IV Month V Other, as specified below (provided that it is at least once per year):
CONTRIBUTION CHANGES. In consultation with CPCFA, the Executive Officer of CARB may direct that the premium contribution schedule be adjusted, however, the premium contributions for each enrolled loan may be no less than 4 percent of the borrower’s enrolled loan amount and no more than 25 percent. Such adjustments shall take into account program objectives including maximizing available program funding and increasing participation by lenders and borrowers in the ZEHDV Air Quality Loan Program throughout California. Any such change to the premium contribution schedule shall be enacted by written memorandum from the Executive Officer of CARB. Previous Loan Loss Reserve Accounts: Participating lenders may also utilize the same loan loss reserve accounts established and maintained, either by the participating lender or the Trustee, under previous Interagency Agreements 08-607, 13-606, or 18MSC004 (and any subsequent amendments), for the purpose of the HDV Air Quality Loan Program and/or the ZEHDV Air Quality Loan Program.
