Common use of Technology and Equipment Upgrade Fund Clause in Contracts

Technology and Equipment Upgrade Fund. MVEMSA has created a Technology and Equipment Upgrade Fund. Contractor is required to charge a fee of and contribute $1.00 per transport mile, adjusted by the actual annual marginal collection rate, to the fund. Expenditures from the Fund shall be recommended by MVEMSA Medical Director, approved by the EMSC, and authorized by MVEMSA Executive Director for the purposes of upgrading patient clinical care and/or EMS technology. Contractor shall contribute to the Fund annually within forty-five (45) calendar days following MVEMSA’s fiscal year end June 30th (first payment due by August 15 , 2020).

Technology and Equipment Upgrade Fund. MVEMSA has created a Technology and Equipment Upgrade Fund. Contractor is required to charge a fee of and contribute shall bill $1.00 per mile transport mile, adjusted by the mile and deposit actual annual marginal collection rate, collected funds to the Technology and Upgrade Equipment fund. Expenditures from the Fund shall be recommended by MVEMSA Medical Director, approved by the EMSC, and authorized by MVEMSA Executive Director for the purposes of upgrading patient clinical care and/or EMS technology. Contractor shall contribute to the Fund annually within forty-five (45) calendar days following MVEMSA’s fiscal year end June 30th (first payment due by August 15 , 2020).