Common use of Development Charge Clause in Contracts

Development Charge. Development costs of an insurance program shall be funded by a development charge, as established by the Board of Directors. The development charge shall be paid by each participant in the program following the program’s adoption by the Board. Development costs are those costs actually incurred by the Authority in developing a program for review and adoption by the Board of Directors, including but not limited to: research, feasibility studies, information and liaison work among participants, preparation and review of documents, and actuarial and risk management consulting services. The development charge may also include a share of Authority general expenses, as allocated to the program development function. The development charge shall be billed by the Authority to all participants in the program upon establishment of the program and shall be payable in accordance with the Authority’s invoice and payment policy. Upon the conclusion of program development: any deficiency in development funds shall be billed to all participants which have paid the development charge, on a pro-rata or other equitable basis, as determined by the Board; any surplus in such funds shall be transferred into the Authority's general expense funds.

Development Charge. Development costs of an insurance program programs shall be funded by a development charge, as established by the Board of Directors. The development charge shall be paid by each participant in the program program, on the equitable basis of the participant’s population, following the program’s adoption by the Board. Development costs are those costs actually incurred by the Authority in developing a program for review and adoption by the Board of DirectorsBoard, including but not limited to: research, feasibility studies, information and liaison work among participants, the State Department of Mental Health and other entities and preparation and review of documents, and actuarial and risk management consulting services. The development charge may also include a share of Authority general expenses, as allocated to the program development function. The development charge shall be billed by the Authority to all participants in the program upon establishment of the program and shall be payable in accordance with the Authority’s invoice and payment policy. Upon the conclusion of program development: any deficiency in development funds shall be billed to all participants which have paid the development charge, charge on a pro-rata or other an equitable basis, as determined by the Board; any surplus in such funds shall be transferred into the Authority's ’s general expense funds.

Development Charge. Development costs of an insurance program shall be funded by a development charge, as established fixed by this Agreement or determined by the Board of Directors. The development charge shall be paid by each participant member organization which wishes to join in development of the program and thereby reserve the option to participate in the program following the program’s its adoption by the Board. Development costs are those costs actually incurred by the Authority in developing a program for review and adoption by the Board of Directors, including including, but not limited to: research, feasibility studies, information and liaison work among participantsmember organizations, preparation and review of documents, and actuarial and risk management consulting services. The development charge may also include a share of Authority general expensesexpense, as allocated to the program development functionfunction by the Board. The development charge shall be billed by the Authority to all participants in member organizations upon authorization of program development by the program upon establishment of the program Board and shall be payable in accordance with within thirty (30) days of the Authority’s invoice and payment policybilling date. Upon the conclusion of program development: any deficiency in development funds shall be billed to all participants which member organizations that have paid the development charge, on a pro-rata or other equitable acceptable basis, as determined by the Board; and any surplus in such these funds shall be billed to all member organizations that have paid the development charge, on a pro rata or other acceptable basis, as determined by the Board, and any surplus in these funds shall be transferred into the loss reserve funds for the program, or, if the program is not implemented, into the Authority's general expense funds.