ROPS definition
Examples of ROPS in a sentence
OCII will include the cost of MOHCD’s services in OCII’s annual budget and semi-annual ROPS as needed.
Provided that the City/Successor Agency Cooperation Agreement is approved as an enforceable obligation on ROPS 14-15B, the Successor Agency shall repay all amounts disbursed by the City to or on behalf of the Successor Agency from RPTTF moneys received by the Successor Agency pursuant to ROPS 14-15B (or other funds) and City shall, in turn, use such moneys received from the Successor Agency to repay the Authority Loan to the Authority.
The City shall repay the Authority Loan to the Authority promptly upon receipt of RPTTF moneys for the ROPS 14-15B period, and for and during each subsequent ROPS periods, if necessary, from Successor Agency, in repayment of the City Loan.
This Agreement shall be in full force and effect commencing on the Date of Agreement; provided however that the City’s obligation to repay the Authority Loan to the Authority is expressly subject to (i) approval of the City/Successor Agency Cooperation Agreement by the Oversight Board and (ii) inclusion of the City/Successor Agency Cooperation Agreement on a ROPS that is approved by the Oversight Board and DOF.
Further, the total cumulative expenditures made by the Successor Agency during the ROPS III period was within the total amount of RPTTF that the Successor Agency was authorized to receive under ROPS III, notwithstanding that insufficient RPTTF was available for payment of such expenditures.