Common use of Capital Improvement Program Clause in Contracts

Capital Improvement Program. A. As is contemplated by the CFA, it is anticipated that the WMATA Board of Directors will adopt a new Fiscal Year 2017 Capital Budget on or before June 30, 2016. It is the intent of the Parties that the CFA is amended to incorporate the FY2017 Annual Work Plan as adopted by the Board so long as the amounts to be billed to the Contributing Jurisdictions in FY2017 shall not exceed $247,800,000, excluding Passenger Rail and Improvement Act (PRIIA) funding. B. Attachment A contains the proposed budget funding plan, including PRIIA funding. C. The District of Columbia’s Allocated Contribution to the FY2017 Annual Work Plan shall not exceed $92,100,000, excluding PRIIA funding, and this amount shall be added to the amount contained in Section 4(b)(1)(C)(i) of the CFA to constitute the new limitation on required Allocated Contributions for the District of Columbia in the total maximum amount not to exceed $489,414,000, excluding PRIIA funding, to be paid from the District of Columbia Capital Funds.