Program and PRISM Funding Sample Clauses
The 'Program and PRISM Funding' clause defines how financial resources are allocated and managed for both the overall program and any specific PRISM-related activities. It typically outlines the sources of funding, the process for requesting or disbursing funds, and any limitations or conditions attached to the use of these funds. By clearly specifying funding mechanisms and responsibilities, this clause ensures transparency and accountability in financial matters, helping to prevent disputes or misunderstandings regarding program financing.
Program and PRISM Funding. The members developing or participating in an insurance program shall fund all costs of that program, including administrative costs, as hereinafter provided. Costs of staffing and supporting PRISM, hereinafter called PRISM general expenses, shall be equitably allocated among the various programs by the Board of Directors, and shall be funded by the members developing or participating in such programs in accordance with such allocations, as hereinafter provided. In addition, the Board of Directors may, in its discretion, allocate a share of such PRISM general expense to those members, which are not developing or participating in any program, and require those counties and public entities to fund such share through a prescribed charge.