Fund Disbursement for Long-Term Management Sample Clauses

Fund Disbursement for Long-Term Management and Maintenance of Mitigation Project Sites Funds for long-term management and maintenance of Mitigation Projects will be held in the Program Account for management during the Habitat Plan 50-year permit term (through 2063). Management funds required for management after 2063 will be held in the Sponsor's endowment management account. The Sponsor will establish an accounting code for funds within the Program Account for each Mitigation Project for the long-term management and maintenance of the Mitigation Project site. Funding for each Mitigation Project will be tracked and reported separately in each ILF Annual Report. The Sponsor will disburse funds from the Program Account to the land manager for its performance of land management activities on the Mitigation Project site in accordance with the Long-Term Management Plan for the site.
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Related to Fund Disbursement for Long-Term Management

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