Common use of Remittance of Funds Clause in Contracts

Remittance of Funds. Upon execution of this Agreement and the appropriation of funds to eligible projects in the Tentative District Educational Facilities Plan by the School Board, the County shall remit to the School Board all impact fee revenues and accrued interest that have been collected since the inception of the program less the administrative fee and any refunds that have been given and less any prior remittances. Such remittance shall be made as described below.

Remittance of Funds. Upon execution of this Agreement and the appropriation of funds to eligible projects in the Tentative District Educational Facilities Plan by the School Board, the County shall remit to the School Board all impact fee revenues and accrued interest that have been collected since the inception of the program less the administrative fee and any refunds that have been given and less any prior remittancesgiven. Such remittance shall be due twenty-one days after the end of the month in which notice is received from the School Board concerning the appropriation of funds to specific projects. Following this initial remittance, future remittances shall be made as described below.

Remittance of Funds. Upon execution of this Agreement and the appropriation of funds to eligible projects in the Tentative District Educational Facilities Plan by the School Board, the County shall remit to the School Board all impact fee revenues and accrued interest that have been collected since the inception of the program less the administrative fee and any refunds that have been given given. Such remittance shall be due twenty-one days after the end of the month in which notice is received from the School Board concerning the appropriation of funds to specific projects. Following this initial remittance, future remittances and less any prior remittances. Such remittance shall be made as described below.