DETERMINATION OF SHORTAGE; SHORTAGE ALLOCATION PERIODS Sample Clauses

DETERMINATION OF SHORTAGE; SHORTAGE ALLOCATION PERIODS. A shortage shall exist on the Rio Pueblo when its flow is insufficient to provide the PDR for the Lawful Irrigation or Stock Uses for the Pueblo and the Acequia Madre del Pueblo. In times of shortage and consistent with Article 8.2.2.4, the Pueblo will cease diversions upstream from the Acequia Madre del Pueblo during the two and one-half (2½) day period of each week that the shortage exists. Regardless of the Acequia Madre del Pueblo’s project delivery requirement, the Pueblo may use two (2) cubic-feet per second flow during those days for purposes of stockwatering and domestic uses.
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  • Excess Contributions An excess contribution is any amount that is contributed to your IRA that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined by the timeliness of the correction as identified below.

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