Board Meeting Materials
1990 - 1999
4/19/2017 5:07:48 PM
4/19/2017 5:07:44 PM
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shall be solely for the purpose of paying <br />costs and expenses incurred by the Authority <br />with respect to electric industry <br />restructuring matters; and pending application <br />for such purpose the contribution shall not be <br />expended to pay costs or expenses properly <br />allocable to one or more projects as provided <br />in Section 3 of Resolution No. 1992-1; <br />shall be in the aggregate amount of $5O,OOO, <br />with the portion thereof to be contributed by <br />each Member to be the amount set forth with <br />respect to it on Exhibit A to this ~esolution; <br />and <br />shall be billed and collected by adding to the <br />Authority's July 1995 Hoover Uprating Project <br />billing to Anaheim and the Authority's July <br />1995 Palo Verde Project billing to each other <br />Member, the amount set forth with respect to <br />each of them in Exhibit A to this Resolution, <br />with such amount designated as ll~esolution No. <br />1995-13 ChargeM. <br />Although the amounts contributed under this <br />Resolution and related income shall constitute part <br />of the General Fund, they shall be held and <br />accounted for in a separate bank account (the <br />I1Restructuring Accountl1) . The Executive Director <br />of the Authority is hereby directed to cause the <br />name of the Joint Planning Account established by <br />Resolution No. 1995-2 to be changed to the <br />"Restructuring A~count~~. The Restructuring Account <br />may be used for the purpose of holding <br />contributions and related income, and making <br />disbursements, under this ~esolution. The <br />President, Vice President, Secretary, any Assistant <br />Secretary and the Executive Director of the <br />Authority are each authorized to execute checks <br />drawn on the ~estructuring Account from time to <br />time . <br />3. Amounts contributed to and held in the General Fund <br />and the Restructuring Account pursuant to this <br />Resolution will not be contributed or held for the <br />purposes of any project for which the Authority has <br />obtained any form of external financing. Such <br />amounts shall not constitute (a) Revenues, or (b) <br />revenues, income, rents or receipts derived by the <br />Authority from or attributable to Authority <br />Capacity (or to the payment of the costs thereof) <br />or the ownership or operation of any Project. As <br />used herein, uRevenues~l, "Authority Capacityv1 and <br />ttProjecttt shall have the respective meanings set <br />forth in the indentures of trust and other <br />instruments governing the external financing <br />arrangements entered into from time to time by the <br />Authority.
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