Common use of Trust Fund Disbursements Clause in Contracts

Trust Fund Disbursements. In any year in which the State’s allocation of water to an Agricultural Contractor by April 15th of that year is less than one-hundred percent (100%) of the contractor’s requested annual entitlement for that year, the trustee shall, to the extent there are funds in that contractor’s account, distribute to the State from such account for the benefit of that contractor an amount equal to the percentage of the total of that contractor’s statement of charges for that year, as redetermined by the State on or about May 15th of that year, for (a) the Delta Water Charge; (b) the capital cost and minimum operation, maintenance, power and replacement components of the Transportation Charge (including off- aqueduct power charges); and (c) the water system revenue bond surcharge, that is equal to the percentage of that contractor’s annual entitlement for that year that was not allocated to it by the State by April 15th of that year.

Trust Fund Disbursements. (i) In any year in which the State’s 's allocation of water to an Agricultural Contractor by April 15th of that year is less than one-hundred percent (100%) of the contractor’s 's requested annual entitlement Table A amount for that year, the trustee shall, to the extent there are funds in that contractor’s 's account, distribute to the State from such account for the benefit of that contractor an amount equal to the percentage of the total of that contractor’s 's statement of charges for that year, as redetermined by the State on or about May 15th of that year, for (a) the Delta Water Charge; (b) the capital cost and minimum operation, maintenance, power and replacement components of the Transportation Charge (including off- off-aqueduct power charges); and (c) the water system revenue bond surcharge, that is equal to the percentage of that contractor’s annual entitlement for that year that was not allocated to it by the State by April 15th of that year.and