Binational ICS definition

Binational ICS means Binational Intentionally Created Surplus as that term is used in the Interim Operating Agreements for Minutes 319 and 323 to the 1944 Mexican Water Treaty.
Binational ICS means Binational Intentionally Created Surplus.
Binational ICS means Binational Intentionally Created Surplus;

Examples of Binational ICS in a sentence

  • All Binational ICS available to a Local Funding Agency pursuant to this Agreement shall be delivered to such Local Funding Agency pursuant to such agency’s Delivery Agreement.

  • This Interim Operating Agreement shall commence on the later of: (1) the date of execution by all Parties or (2) the date that Minute No. 323 enters into force, and shall terminate December 31, 2026; provided, however, that any Binational ICS remaining in a Binational ICS Account on December 31, 2026, may be released as provided herein until December 31, 2036.

  • A portion of Mexico’s Water Reserve created by the binational project may be converted to Binational ICS for use by the contributing Contractors.

  • The delivery conditions for Binational ICS available to the Local Funding Agencies are set forth in the Interim Operating Agreement.

  • This Delivery Agreement shall become effective upon execution by the Parties and shall remain in effect until such time as all deliveries of Binational ICS permissible under the terms of the Interim Operating Agreement and this Delivery Agreement have occurred.

  • When Mexico’s Water Reserve is converted for use in the United States in accordance with Section IX.A of Minute No. 323, Reclamation shall credit CAWCD’s Binational ICS Account, in accordance with Section 7.3.2 of the Interim Operating Agreement and Section 6 of the 2017 Contributed Funds Agreement.

  • The Secretary has determined that the creation of Binational ICS from Mexico’s Water Reserve provided by Mexico to the United States pursuant to Section V of Minute No. 323 meets the requirements of the Interim Operating Agreement and Exhibit A to the 2017 BICS Agreement.

  • Binational ICS shall be accounted for and reported in the Water Accounting Report described in Section 3.D.3 of the Guidelines consistent with the provisions of the Interim Operating Agreement.

  • On , the Commissioners of the International Boundary and Water Commission (“IBWC”) executed Minute No. 323, Extension of Cooperative Measures and Adoption of a Binational Water Scarcity Contingency Plan in the Colorado River Basin (“Minute No. 323”), which allows, among other things, U.S. entities to fund projects in Mexico that will create Mexico’s Water Reserve, a portion of which could be converted to Binational ICS.

  • Assure any Contractor that invests in projects in Mexico to create Binational ICS under this 2017 BICS Agreement that no Contractor within another state will claim the Binational ICS created by the Contractor.


More Definitions of Binational ICS

Binational ICS or “BICS” shall mean Binational Intentionally Created Surplus.

Related to Binational ICS

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