ESTABLISHMENT OF A POOLED FUND. 7.1 In exercise of their respective powers under Section 75 of the 2006 Act, the Partners have agreed to establish and maintain a Pooled Fund for revenue and capital expenditure as set out in Schedule 1.
7.2 The Pooled Fund shall be managed and maintained in accordance with the terms of this Agreement.
7.3 It is agreed that the monies held in Pooled Funds may only be expended on the following:
7.3.1 the Contract Price;
7.3.2 where the Partners are to be the Providers as shall be described in Schedule 1A, the Permitted Budget;
7.3.3 Third Party Costs;
7.3.4 Approved Expenditure This shall be "Permitted Expenditure".
7.4 The Partners may only depart from the definition of Permitted Expenditure to include or exclude other revenue or capital expenditure with the express written agreement of each Partner.
7.5 For the avoidance of doubt, monies held in the Pooled Funds may not be expended on Default Liabilities unless this is agreed by all Partners.
7.6 Pursuant to this Agreement, the Partners agree to appoint the Council as Host for the Pooled Fund as set out in the Scheme Specifications. The Host Partner shall be responsible for:
7.6.1 Managing and accounting for all monies contributed to the Pooled Fund on behalf of itself and the other Partners;
7.6.2 Providing the financial administrative systems for the Pooled Fund; and
7.6.3 Appointing the Pooled Fund Manager;
7.6.4 Ensuring that the Pooled Fund Manager complies with its obligations under this Agreement.
ESTABLISHMENT OF A POOLED FUND. 7.1 In exercise of their respective powers under Section 75 of the 2006 Act, the Partners have agreed to establish and maintain such pooled funds for revenue expenditure as set out in the Scheme Specifications.
7.2 Each Pooled Fund shall be managed and maintained in accordance with the terms of this Agreement.
7.3 Subject to Clause 7.4, it is agreed that the monies held in a Pooled Fund may only be expended on the following:
7.3.1 the Contract Price;
7.3.2 where the Council is to be the Provider, the Permitted Budget;
7.3.3 Third Party Costs where these are set out in the relevant Scheme Specification or as otherwise agreed in advance in writing by the Partnership Board:
7.3.4 Approved Expenditure as set out in the relevant Scheme Specification or as otherwise agreed in advance and recorded in the minutes of the Partnership Board: and
7.3.5 Management costs associated with the hosting and management of the Pooled Fund (including the costs of engaging the Pooled Fund Manager) as agreed in advance in writing and recorded in the minutes of the Partnership Board, ("Permitted Expenditure").
7.4 The Partners may only depart from the definition of Permitted Expenditure to include or exclude other revenue expenditure where both the approval of the Partnership Board and the express written agreement of each Partner has been provided.
7.5 For the avoidance of doubt, monies held in the Pooled Fund may not be expended on Default Liabilities unless this is agreed by all Partners in accordance with Clause 7.4.
7.6 Pursuant to this Agreement, the Partners agree to appoint the Council as Host Partner for each of the Pooled Funds set out in the Scheme Specifications save where the Partners expressly agree through the Partnership Board that a Partner other than the Host Partner shall be the Host Partner for specific Individual Schemes. The Host Partner shall be the Partner responsible for:
7.6.1 holding all monies contributed to the Pooled Fund on behalf of itself and the other Partners;
7.6.2 providing the financial administrative systems for the Pooled Fund;
7.6.3 appointing the Pooled Fund Manager; and
7.6.4 ensuring that the Pooled Fund Manager complies with its obligations under this Agreement.
ESTABLISHMENT OF A POOLED FUND. 7.1 In exercise of their respective powers under Section 75 of the 2006 Act, the Partners have agreed to establish and maintain such pooled funds for revenue expenditure as set out in the Scheme Specifications.
7.2 Pooled Fund shall be managed and maintained in accordance with the terms of this Agreement.
7.3 It is agreed that the monies held in a Pooled Fund may only be expended on the following:
7.3.1 the Contract Price;
7.3.2 where the Council is to be the Provider, the Permitted Budget;
7.3.3 Performance Payments;
ESTABLISHMENT OF A POOLED FUND. 7.1 In exercise of their respective powers under Section 75 of the 2006 Act, the Partners have agreed to establish and maintain a Pooled Fund for Committed Funding expenditure as set out in Schedule 2 – Pooled Fund. The Pooled Fund shall be managed and maintained in accordance with the terms of this Agreement.
ESTABLISHMENT OF A POOLED FUND. 1.1 It is understood by the Authorities that a Pooled Fund will be necessary for the Integrated Service to be successful. To that end the Authorities agree to work together to agree the contributions necessary to establish the Pooled Fund for tax year 2015/2016.
1.2 The Authorities agree that a decision on the contributions necessary must be made no later than December 2014.
ESTABLISHMENT OF A POOLED FUND. In exercise of their respective powers under Section 75 of the 2006 Act, the Partners have agreed to establish and maintain such pooled funds for revenue expenditure as agreed by the Partners.
ESTABLISHMENT OF A POOLED FUND. 7.1 In exercise of their respective powers under Section 75 of the 2006 Act, the Partners have agreed to establish and maintain such Pooled Funds for revenue expenditure as set out in Schedule 3 Scheme Investments.
7.2 The Pooled Fund shall be managed and maintained in accordance with the terms of this Agreement.
7.3 It is agreed that the monies held in a Pooled Fund may only be expended on permitted expenditure, as agreed annually by the East Sussex Better Together Programme Board; being the following:
7.3.1 Service contracts
7.3.2 Transfer of funding to District and Borough Councils, for Disabled Facilities Grants
ESTABLISHMENT OF A POOLED FUND. 7.1 In exercise of their respective powers under Section 75 of the 2006 Act, the Partners have agreed to establish and maintain such a Pooled Fund for expenditure as set out in Schedule 3 and to spend the funds in that Pooled Fund on the Scheme Specifications as set out in Schedule 5.
7.2 The Pooled Fund shall be managed and maintained in accordance with the terms of this Agreement.
7.3 The Partners may only depart from the definition of Permitted Expenditure to include or exclude other revenue expenditure with the express written agreement of each Partner.
7.4 For the avoidance of doubt, monies held in the Pooled Fund may not be expended on Default Liabilities unless this is agreed by all Partners.
7.5 The Host Partner shall be the Partner responsible for:
7.5.1 holding all monies contributed to the Pooled Fund on behalf of itself and the other Partners;
7.5.2 providing the financial administrative systems for the Pooled Fund; and
7.5.3 appointing the Pooled Fund Manager;
7.5.4 ensuring that the Pooled Fund Manager complies with its obligations under this Agreement.
ESTABLISHMENT OF A POOLED FUND. 1. In exercise of their respective powers under Section 75 of the 2006 Act, the Partners have agreed to establish and maintain such pooled funds for revenue expenditure as set out in the Scheme Specifications.
2. Each Pooled Fund shall be managed and maintained in accordance with the terms of this Agreement.
3. It is agreed that the monies held in a Pooled Fund may only be expended on the following:
2.1.11. the Contract Price;
2.1.12. the Permitted Budget;
2.1.13. Performance Payments;
2.1.14. Third Party Costs where these are set out in the relevant Scheme Specification or as otherwise agreed in writing by the JCG or the HWBB following authorisation from the Partners, further to clause 8.22 below, where appropriate
2.1.15. Approved Expenditure as set out in the relevant Scheme Specification or as otherwise agreed in advance in writing by the JCG or the HWBB when required ("Permitted Expenditure")
ESTABLISHMENT OF A POOLED FUND. 7.1 In exercise of their respective powers under Section 75 of the 2006 Act, the Partners have agreed to establish and maintain such Pooled Funds for revenue expenditure as set out in the Scheme Investments, per Schedule 3.
7.2 The Pooled Fund shall be managed and maintained in accordance with the terms of this Agreement.
7.3 It is agreed that the monies held in a Pooled Fund may only be expended on permitted expenditure, as agreed annually by the Connecting 4 You Programme Board; being the following:
7.3.1 Service contracts
7.3.2 Transfer of funding to District and Borough Councils, for Disabled Facilities Grants
