Common use of PROCESS FOR PROVIDING FINANCAL ASSISTANCE Clause in Contracts

PROCESS FOR PROVIDING FINANCAL ASSISTANCE. The Parties agree that funding to plan, permit, design, engineer, and construct the Mutual-Benefit Projects pursuant to this Article 10 and the Settlement Act will be provided in accordance with applicable federal and state financial assistance laws, regulations, and procedures. In collaboration with the Mutual-Benefit Projects Parties, the State and the Secretary, acting through the Bureau of Reclamation shall, within a reasonable amount of time, negotiate and enter into one or more memoranda of understanding and other appropriate instruments which will describe the process to be followed for providing financial assistance and to effect the transfer of funds to plan, permit, design, engineer, and construct the Mutual-Benefit Projects. The memoranda of understanding and other appropriate instruments will identify the parties, define roles and responsibilities in the financial assistance process, establish the framework for planning, permitting, designing, engineering and construction funds to flow between the parties, and set associated time frames.