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ALP 23
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ALP 23
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Last modified
10/24/2016 1:49:01 PM
Creation date
4/11/2013 2:38:56 PM
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Animas La Plata Project
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I the remaining balance of the Final Repayment Obligation 180 days from the date of written <br />2 notice. <br />3 (g) After the 180 -day final payment option established in Article 7(f) has expired, the <br />4 unpaid portion of the Final Repayment Obligation shall become the Remaining Repayment <br />5 Obligation of the State. The United States will assign that Remaining Repayment Obligation, on <br />6 a pro rata basis, to a portion of the State's Project allocation, subjectto the procedures of Section <br />7 6(a)(3)(B) of the Settlement Act, as amended. The formula to determine the portion of the State's <br />8 Project allocation that this Remaining Repayment Obligation will be assigned is as follows: <br />9 <br />10 <br />Remaining 10,440 <br />Project Allocation = (Final Repayment Obligation - Repayment Received) x Acre - <br />Requiring Final Repayment Obligation , ` Feet <br />Repayment <br />11 <br />12 The above calculation to identify the Project allocation assigned to the Remaining Repayment <br />13 Obligation will be rounded to the nearest whole acre -foot of storage. <br />14 (h) Upon final cost allocation, if the State elects not to pay the Remaining Repayment <br />15 Obligation to the United States for the remaining Project allocation (including storage) described <br />16 and calculated in Article 7(g); then this portion of the State's Project allocation shall be subject <br />17 to the procedures of relinquishment as specified by Section 6(a)(3)(B) of the Settlement Act, as <br />18 amended. <br />19 (i) It is agreed that during construction every attempt will be made to keep Non - Contract <br />20 Costs at or below 30 percent of the final contract costs. The United States will continue to <br />16 <br />
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