Common use of Amended or Supplemental Business Plans and Budgets Clause in Contracts

Amended or Supplemental Business Plans and Budgets. During the course of the fiscal year, if SERC determines it does not or will not have sufficient funds to carry out its delegated functions and related activities, SERC shall submit to NERC one or more proposed amended or supplemental business plans and budgets and requests for approval of supplemental assessments, reflecting costs, cost increases or funding shortfalls not provided for in SERC’s approved business plan and budget for the fiscal year. NERC shall review and approve the proposed amended or supplemental business plan and budget and proposed supplemental assessment, or shall direct SERC to make such revisions as NERC deems appropriate prior to approval. NERC shall submit SERC’s approved amended or supplemental business plan and budget and proposed supplemental assessment to the Commission for approval.

Amended or Supplemental Business Plans and Budgets. During the course of the fiscal year, if SERC SPP determines it does not or will not have sufficient funds to carry out its delegated functions and related activities, SERC SPP shall submit to NERC one or more proposed amended or supplemental business plans and budgets and requests for approval of supplemental assessments, reflecting costs, cost increases or funding shortfalls not provided for in SERCSPP’s approved business plan and budget for the fiscal year. NERC shall review and approve the proposed amended or supplemental business plan and budget and proposed supplemental assessment, or shall direct SERC SPP to make such revisions as NERC deems appropriate prior to approval. NERC shall submit SERCSPP’s approved amended or supplemental business plan and budget and proposed supplemental assessment to the Commission for approval.