Common use of Voluntary Redistribution Clause in Contracts

Voluntary Redistribution. A Settling State may choose to reallocate all or a portion of its State Fund to its Abatement Accounts Fund. An Exhibit G Participant may choose to reallocate all or a portion of its allocation from the Subdivision Fund to the State’s Abatement Accounts Fund or to another Participating Subdivision or Participating Special District. The Settlement Fund Administrator is not required to honor voluntary redistribution for which notice is provided to it less than sixty (60) days prior to the Payment Date.

Voluntary Redistribution. A Settling State may choose to reallocate all or a portion of its State Fund to its Abatement Remediation Accounts Fund. An A Participating Subdivision included on Exhibit G Participant may choose to reallocate all or a portion of its allocation from the Subdivision Fund to the Settling State’s Abatement Remediation Accounts Fund or to another Participating Subdivision or Participating Special DistrictSubdivision. The Settlement Fund Administrator is not required to honor a voluntary redistribution for which notice is provided to it less than sixty (60) calendar days prior to the applicable Payment Date.