OCC Operating Support definition
Examples of OCC Operating Support in a sentence
The amount of the OCC Operating Support and Additional OCC Operating Support, if any, will be established and reviewed as provided below.
An amount for Additional OCC Operating Support may also be requested by Metro annually.
Board give notice of objection to the proposed OCC Operating Support amount within 60 days of the Metro notice, the Metro Council may thereafter adopt the proposed OCC Annual Budget that includes an OCC Operating Support, up to the amount proposed by the Metro COO.
Board, acting through a vote of its authorized membership, objects to the proposed OCC Operating Support amount, the matter will be referred to the Dispute Resolution Committee and the dispute resolution process described in Section 8.
If Metro intends to make a request for Additional OCC Support, at least 100 days prior the beginning of each Fiscal Year, as described in Sections 3.3.5.1 and 3.3.5.2. FRT Deliverable: Report to the VDFI Board and each Party’s members of the VDFI Board, which shall accompany the Additional OCC Operating Support request, describing the anticipated sufficiency of VFTA revenues and reserves to cover all obligations of the Agreement.
The standards for the Board’s decision shall be whether approval of Additional OCC Operating Support in the specified amount will (i) fulfill the purposes of this Agreement and (ii) allow for other obligation of this Agreement to be met.
Fifth, to Metro an amount not to exceed One Million, Two Hundred Fifty Thousand Dollars ($1,250,000), Escalated, for OCC Operating Support to maintain the OCC’s competitiveness.