Fund Disbursement for Implementing Mitigation Projects Sample Clauses

Fund Disbursement for Implementing Mitigation Projects. The Sponsor may disburse funds from the Program Account to cover the costs of implementing Mitigation Projects. Each Mitigation Project will be implemented in accordance with a Mitigation Plan approved the IRT. Each Mitigation Plan will include a detailed budget, and the Sponsor's disbursements from the Program Account will be made in accordance with the budget. Any proposed increase in excess of ten percent (10%) of the Mitigation Project's budget will require the advance approval of the IRT. The Sponsor may enter into contracts with third parties for the development, implementation, and/or long-term stewardship of individual Mitigation Projects. The Sponsor will pay third parties performing work to implement a Mitigation Project in accordance with the budget included in the approved Mitigation Plan for the Mitigation Project.
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Related to Fund Disbursement for Implementing Mitigation Projects

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