Common use of Annual Allocations Clause in Contracts

Annual Allocations. Allocation of Sales Tax and other revenues received by the Authority shall be made by the Authority on a fiscal year basis, commencing each July 1 and ending the next succeeding June 30; provided that the first allocation shall be for a fifteen -month period commencing April 1, 1989 and ending June 30, 1990. The gross amount of Sales Tax available for allocation for any particular allocation period shall equal the revenue estimates for that period made by the Executive Director of the Authority. Allocations shall be adjusted during the next succeeding allocation period to account for differences between actual revenue receipts and estimates during the immediately preceding allocation period. Allocations shall be made to: a. The CTSA for EHT Functions in accordance with Paragraph 13 -a above, pursuant to an Entity Annual Expenditure Plan filed by the CTSA; b. The District for Public Transit Functions in accordance with Paragraph 13 -b above, pursuant to an Entity Annual Expenditure Plan filed by the District; c. To Folsom, Isleton and Galt in accordance with subparagraph "d" of Paragraph 10 above, pursuant to Entity Annual Expenditure Plans filed by those Cities; d. To the county, Sacramento, Folsom, Isleton, and Galt and future cities in accordance with Paragraph 13 -c above, pursuant to Entity Annual Expenditure Plans filed by those Entities; to County, Sacramento and future cities in accordance with Paragraph 13-d; and e. To the Authority, pursuant and subject to the limitations contained in Paragraphs 8 and 13-c above. The Governing Body of the Authority shall make for each allocation period those allocations prescribed by subparagraph "d" of Paragraphs 10 and subparagraphs "a" and "b" of Paragraph 13 above, if Entity Annual Expenditure Plans filed by the recipient Entities provide for the expenditure of the allocations for purposes authorized by the Act. The Governing Body of the authority shall be vested with discretion not to allocate all estimated revenues for an allocation period available for purposes prescribed by Paragraphs 8, 13 -c, and 13-d above. Notwithstanding any provision to the contrary contained in paragraphs 10 or 13 above, the Authority shall not be empowered to allocate any amount to the County, Sacramento, Folsom, Isleton, Galt, Future Cities, the District or CTSA that is not identified for expenditure by the recipient Entity in an Entity Annual Expenditure Plan filed by the recipient Entity, except pursuant to the provisions of Paragraph 8 above.

Annual Allocations. Allocation of Sales Tax and other revenues received by the Authority shall be made by the Authority on a fiscal year basis, commencing each July 1 and ending the next succeeding June 30; provided that the first allocation shall be for a fifteen -month fifteen-month period commencing April 1, 1989 and ending June 30, 1990. The gross amount of Sales Tax available for allocation for any particular allocation period shall equal the revenue estimates for that period made by the Executive Director of the Authority. Allocations shall be adjusted during the next succeeding allocation period to account for differences between actual revenue receipts and estimates during the immediately preceding allocation period. Allocations shall be made to: a. The CTSA for EHT Functions in accordance with Paragraph 13 -a 13-a above, pursuant to an Entity Annual Expenditure Plan filed by the CTSA; b. The District for Public Transit Functions in accordance with Paragraph 13 -b 13-b above, pursuant to an Entity Annual Expenditure Plan filed by the District; c. To Folsom, Isleton and Galt in accordance with subparagraph "d" of Paragraph 10 above, pursuant to Entity Annual Expenditure Plans filed by those Cities; d. To the county, Sacramento, Folsom, Isleton, and Galt and future cities in accordance with Paragraph 13 -c 13-c above, pursuant to Entity Annual Expenditure Plans filed by those Entities; to County, Sacramento and future cities in accordance with Paragraph 13-d; and e. To the Authority, pursuant and subject to the limitations contained in Paragraphs 8 and 13-c above. The Governing Body of the Authority shall make for each allocation period those allocations prescribed by subparagraph "d" of Paragraphs 10 and subparagraphs "a" and "b" of Paragraph 13 above, if Entity Annual Expenditure Plans filed by the recipient Entities provide for the expenditure of the allocations for purposes authorized by the Act. The Governing Body of the authority shall be vested with discretion not to allocate all estimated revenues for an allocation period available for purposes prescribed by Paragraphs 8, 13 -c13-c, and 13-d above. Notwithstanding any provision to the contrary contained in paragraphs 10 or 13 above, the Authority shall not be empowered to allocate any amount to the County, Sacramento, Folsom, Isleton, Galt, Future Cities, the District or CTSA that is not identified for expenditure by the recipient Entity in an Entity Annual Expenditure Plan filed by the recipient Entity, except pursuant to the provisions of Paragraph 8 above.