Historic Resources Mitigation Fund Sample Clauses

Historic Resources Mitigation Fund. Out of the total Mitigation Amount established in Paragraph 1, MVP shall, within six (6) months of the execution of this Agreement, provide funding in the amount of One Million Dollars ($1,000,000) to the Virginia Historical Society (“VHS”) by payment of the invoice at Attachment A to establish a Mitigation Fund to be fiscally managed by VHS. The following specific conditions and restrictions shall apply to the use and expenditure of funds from the Mitigation Fund. a. The Mitigation Fund shall operate as an endowment for grant-making purposes to document, preserve, and interpret the historic resources within the Commonwealth’s localities affected by the Project. The Commonwealth shall work with VHS and determine project selection criteria and a process for evaluating appropriate projects that are consistent with DHR historic resources mitigation standards. b. From the funds provided to VHS under this Paragraph 3, an amount not to exceed two percent (2%) per year may be expended by VHS to defray its costs and expenses for the administration of the Mitigation Fund and oversight of its related mitigation activities.
Sample 1
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Related to Historic Resources Mitigation Fund

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  • PROJECT FINANCIAL RESOURCES i) Local In-kind Contributions $0 ii) Local Public Revenues $200,000 iii) Local Private Revenues iv) Other Public Revenues: $0 - ODOT/FHWA $0 - OEPA $0 - OWDA $0 - CDBG $0 - Other $0 v) OPWC Funds: - Loan Assistance $0

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  • Financial Services Compensation Scheme We are a participant in the Financial Services Compensation Scheme (the “FSCS”). As a retail client you may be eligible to claim compensation from the FSCS in certain circumstances if we, any approved bank, our nominee company or eligible custodian are in default. Most types of investment business are covered in full for the first £85,000 of any eligible claim. Not every investor is eligible to claim under this scheme: for further information please contact us, or the FSCS directly at xxx.xxxx.xxx.xx.

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