Measure R definition
Examples of Measure R in a sentence
If such Funds are not made available as anticipated from Measure R Program revenues, LACMTA will have the right to adjust the cash flow accordingly until such funds become available.
Should LACMTA determine there are insufficient Measure R Funds available for the Project, LACMTA may suspend or terminate this FA by giving written notice to GRANTEE at least thirty (30) days in advance of the effective date of such suspension or termination.
A particular sub-region’s Measure R funds are limited to the amount specified in the Ordinance and is still subject to approval of the LACMTA Board.
This is a one-time only grant of the Measure R Funds subject to the terms and conditions agreed to herein.
If the Funds identified in Attachment A are insufficient to complete the Project, GRANTEE may request additional Measure R funds from its sub-region earmark pending support of the sub-region’s Governing Board.
This is a one time only grant of the Measure R Funds subject to the terms and conditions agreed to herein.
No member of Contractor’s board of directors may participate in the review or recommendations of Measure R or Measure U restricted funds if that member or the member’s immediate family serves on the board of an organization, or is employed by an organization, which has submitted an application for Measure R or Measure U funding, or that may be affected by the recommendation(s) made by Contractor to the Town Council for consideration.
LACMTA Board of Directors’ action of September 26, 2019 granted the Measure R Funds for the Project.
Contracts entered into by Contractor which: (i) are supported by Measure R or Measure U funds; (ii) are for a project or service which was approved through the public recommendation process by the Town Council; and (iii) had funds allocated to them, will be recognized by the Town and honored to the extent possible through the term of this Agreement if this Agreement is terminated without cause.
Unless otherwise specified herein, all accounting terms used herein shall be interpreted, all accounting determinations hereunder shall be made, and all financial statements required to be delivered hereunder shall be prepared, in accordance with GAAP; provided, however, that accounting terms and determinations of Measure R Sales Tax revenues and related terms shall be determined in accordance with cash basis accounting.