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SECTION 10—DISBURSEMENT SCHEDULE <br /> For a water rights purchase: the BORROWER shall prepare a written request for funds that <br /> shall describe the upcoming closing on water rights purchase including, but not limited to, <br /> the name of the seller, cost, closing date, and appraisal value and support documentation <br /> in the form of copies of the sales agreement and the appraisal pursuant to Section 7(a) <br /> above. After receipt of the written request from the BORROWER, and review and <br /> acceptance of the items therein as eligible expenses as described above, the CWCB will <br /> pay to the BORROWER the amount set forth in the request or such portion that has been <br /> approved by the CWCB. Such payment shall be made within thirty (30) days from the <br /> CWCB's approval of each request. <br /> SECTION 11 —TIME FOR PERFORMANCE <br /> PROJECT BEGINS: Upon Effective Date of this CONTRACT (the date this CONTRACT iS <br /> signed by the State Controller or his designee). <br /> PROJECT END DATE: One (1) year from the Effective Date of this CONTRACT. <br /> Appendix 1 <br /> Page 3 of 3 <br />