Common use of Lead Agencies Clause in Contracts

Lead Agencies. a. Within 90 days following the Effective Date in the first year and thereafter by January 1 of each year following the Effective Date, the Multistate Trustee shall provide to the Lead Agency for each of the Multistate Trust Environmental Cost and Work Accounts, a statement showing the balance of each cost account and proposed budget for the coming year. The Lead Agency shall have the authority to approve or disapprove the proposed budget for the relevant Multistate Trust Environmental Cost or Work Account, but only after consultation with the Non-Lead Agency where the Non-Lead Agency requests such consultation (the “Non Lead Agency” will be US EPA for Sites where a State is the Lead Agency, and the State when US EPA is the Lead Agency). Further details relating to the proposal and approval of budgets for the Multistate Trust Environmental Cost Account for the Owned Service Stations may be set forth in the Multistate Trust Agreement.

Lead Agencies. a. Within 90 days following the Effective Date in the first year and thereafter by January 1 of each year following the Effective Date, the Multistate Trustee shall provide to the Lead Agency for each of the Multistate Trust Environmental Cost and Work Accounts, a statement showing the balance of each cost account and proposed budget for the coming year. The Lead Agency shall have the authority to approve or disapprove the proposed budget for the relevant Multistate Trust Environmental Cost or Work Account, but only after consultation with the Non-Lead Agency where the Non-Lead Agency requests such consultation (the “Non Lead Agency” will be US EPA for Sites where a State is the Lead Agency, and the State when US EPA is the Lead Agency). Further details relating to the proposal and approval of budgets for the Multistate Trust Environmental Cost Account for the Owned Service Stations may be set forth in the Multistate Trust Agreement.Agreement.‌