ALP 23

I (c) The Estimated, Final or Remaining Repayment Obligation may be reduced by
2 payment(s) of all or a part of that repayment obligation, and may be reduced by any allowable
3 credits toward Project construction costs, without penalty. No additional 'merest shall be a '
4 to the repayment obligation fef the amounts paid pufsttafit to this subseetion. It is the State's 1
5 intent to make payments not to exceed $36,000,000 toward its allocable capital obligation with
6 an initial $12,000,000 payment upon execution of this contract and the remaining $24,000,000
7 after July 01, 2012, subject to the State's additional appropriations for such funds and the State's
8 1 discretion. Uoon contract execution and the State's first t)ayment of $12;000,000 IDC on the
9 State's reimbursable Project construction cost altoetition will end, and annual amortization
10 interest at the Project Interest Rate on the Estimated Repayment Obligation of $36,214,474 will
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must the repayment schedule to account for reductions in the State's capital obligation as a
result of the State's intended pA3gt ents and will transmit to the State at the end of the calendar
year the adjusted repayment schedule. The State will have the option in any year of the
the previous Year, 2) pay all or part oftbe remaining capital obligation• or 3) declare their Project
allocation assimed to the Remaining Repayment Obligation relinquished as provided by Section
6(a)(3)(B) of the Settlement Act, as amended. Amortization interest will stop accruing on the
Remaining Repayment Obligation assigned to the State's Project allocation under
r "relinquishment
at the year the State declares its relinquishment option as provided under Article X. tT 19
21 (d) At the end of the construction period of the multipurpose Project Works a final cost
22 allocation will be performed by the Secretary pursuant to Section 6(a)(3)(B) of the Settlement
23 Act, as amended. The State will pay only its allocable share of joint costs of the Project Works.
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