Common use of Capital Improvement Program Clause in Contracts

Capital Improvement Program. A. As is contemplated by the 2020 CFA, the WMATA Board of Directors adopted a new Fiscal Year 2021 Capital Budget in April 2020. It is the intent of the Parties that the 2020 CFA be amended to incorporate the jurisdictional funding commitments of the FY2021 Capital Budget as adopted by the Board exclusive of funds to be used to repay the debt service on previously issued bonds, Dedicated Funding, Jurisdictional Reimbursable FINAL FOR SIGNATURE Projects, or PRIIA, as shown in Attachment A, which contains the FY2021 Capital Budget Financial Plan. B. The cash portion of the District of Columbia’s Allocated Contribution to the FY2021 Capital Budget shall not exceed $95,116,884 and this amount shall be added to the amounts contained in Section 3(B) of the 2020 CFA to constitute the new limitation on required Allocated Contributions for the District of Columbia in the total maximum amount not to exceed $828,565,884 to be paid from the District of Columbia Capital Funds. C. It is the intent of the Parties that to the extent that WMATA undertakes multi-year projects in the FY2021 Capital Budget, adopted by this First Amendment, such projects shall be continued in accordance with the provisions of Section 2(e) of the ▇▇▇▇ ▇▇▇.

Capital Improvement Program. A. As is contemplated by the 2020 CFA, the WMATA Board of Directors adopted a new Fiscal Year 2021 Capital Budget in April 2020. It is the intent of the Parties that the 2020 CFA be amended to incorporate the jurisdictional funding commitments of the FY2021 Capital Budget as adopted by the Board exclusive of funds to be used to repay the debt service on previously issued bonds, Dedicated Funding, Jurisdictional Reimbursable FINAL FOR SIGNATURE Projects, or PRIIA, as shown in Attachment A, which contains the FY2021 Capital Budget Financial Plan. B. The cash portion of the District of Columbia’s Allocated Contribution to the FY2021 Capital Budget shall not exceed $95,116,884 and this amount shall be added to the amounts contained in Section 3(B) of the 2020 CFA to constitute the new limitation on required Allocated Contributions for the District of Columbia in the total maximum amount not to exceed $828,565,884 to be paid from the District of Columbia Capital Funds. C. It is the intent of the Parties that to the extent that WMATA undertakes multi-year projects in the FY2021 Capital Budget, adopted by this First Amendment, such projects shall be continued in accordance with the provisions of Section 2(e) of the ▇▇▇▇ ▇▇▇.