Maintenance Endowment Sample Clauses
POPULAR SAMPLE Copied 2 times
Maintenance Endowment. A maintenance endowment, funded by F.G.C, shall be established prior to the start of the Project. The maintenance endowment shall fund the maintenance of including, but not limited to, future capital repairs and daily operational maintenance expenses.
Maintenance Endowment. As permitted under Section 3.19 of the Administrative Code, ten percent (10%) of the art enrichment allocation of Airport capital improvement projects may be used for maintenance where the funding source allows, and may furthermore be placed in an interest-bearing account. To that end, the Airport has established a fund referred to in this MOU as the “Airport Art Endowment Fund” from eligible art enrichment funds generated by taxable Airport revenue bonds and annually makes available the interest earned from the Airport Art Endowment Fund to the Arts Commission for the purposes of maintaining the Airport Art Collection.
Maintenance Endowment