Obligation to Fund Common Activities, Projects, and Management Actions Sample Clauses

Obligation to Fund Common Activities, Projects, and Management Actions. The Parties agree to fund common activities that are approved in accordance with this Agreement, to achieve the sustainability goals for the NASb, as may be amended from time to time, and to meet the requirements of SGMA. Common activities include, but are not limited to, monitoring, analysis, and reporting of groundwater conditions and implementation of projects or actions determined necessary for sustainability. For planning and budgeting purposes, anticipated common activities will be estimated over a five-year period for each five-year period leading up to the required GSP updates due to DWR by January 31, 2027, 2032, 2037 and 2042. The Parties agree that this Agreement constitutes a binding commitment to fund the approved five-year costs presented and approved, by all Parties, at the beginning of each five-year period. Individual NASb GSAs will have an obligation to fund approved and required projects or management actions determined necessary to mitigate Undesirable Results from discretionary projects or actions (or inactions) taken by them or by their GSA members to ensure the sustainable management criteria are met in compliance with SGMA.
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