Reserve Monies. In addition to any monies allocated pursuant to Paragraph 21, State Parties shall retain an additional $10,000,000 (the “Reserve Monies”) of the WIIN Monies. In the event that it is determined under Paragraph 29 that the Allocated Monies cannot reasonably be expected to cover the costs of completing the excavations and replacements required by Paragraphs 8-20, State Parties shall disburse the Reserve Monies pursuant to Paragraph 23. After the Completion of Service Line Replacement, any portion of the Reserve Monies remaining shall be distributed to the City in accordance with the WIIN Act.
Appears in 6 contracts
Samples: Settlement Agreement, Settlement Agreement, Settlement Agreement
