Common use of SECTION 902 Clause in Contracts

SECTION 902. INTERPRETATIONS OF AGREEMENT 14 Matters involving interpretation of the Agreement may be brought before the governing board by any 15 member state or by any other person. Interpretations may take the form of interpretive opinions, or 16 interpretive rules. An interpretive opinion is issued when the requester submits specific facts and asks 17 how certain provisions in the Agreement would apply to those facts, similar to a private letter ruling. An 18 interpretive rule is issued to clarify language in the Agreement and applies more generally, similar to 19 rules and regulations issued to clarify statutory language. Both forms of interpretations shall require a 20 three-fourths vote of the entire governing board. The governing board shall publish all interpretations 21 issued under this section. Interpretations shall be considered part of the Agreement and shall have the 22 same effect as the Agreement. The governing board shall act on requests for interpretation of the 23 Agreement within a reasonable period of time and under guidelines and procedures as set forth in the 24 governing board’s rules. The governing board may determine that it will not issue an interpretation. 25 The governing board shall provide an opportunity for public comment prior to issuing an interpretation

SECTION 902. INTERPRETATIONS OF AGREEMENT 14 16 Matters involving interpretation of the Agreement may be brought before the governing board by any 15 17 member state or by any other person. Interpretations may take the form of interpretive opinions, or 16 18 interpretive rules. An interpretive opinion is issued when the requester submits specific facts and asks 17 19 how certain provisions in the Agreement would apply to those facts, similar to a private letter ruling. An 18 20 interpretive rule is issued to clarify language in the Agreement and applies more generally, similar to 19 21 rules and regulations issued to clarify statutory language. Both forms of interpretations shall require a 20 three-fourths vote of the entire governing board. The governing board shall publish all interpretations 21 23 issued under this section. Interpretations shall be considered part of the Agreement and shall have the 22 24 same effect as the Agreement. The governing board shall act on requests for interpretation of the 23 25 Agreement within a reasonable period of time and under guidelines and procedures as set forth in the 24 26 governing board’s rules. The governing board may determine that it will not issue an interpretation. 25 27 The governing board shall provide an opportunity for public comment prior to issuing an interpretation