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<br />4 <br /> <br />, <br />5. Solicit and accept private donations to finance and implement recovery <br />~tiYities, including the acquisition of water rights, pursuant to the <br />RecoYfry Program. This obligation is contingent upon approval of the <br />foundation's 80ard of Directors and the Service, and is separate from <br />~rtssional appropriations coming to the Service for acquisition of <br />Witer rights. <br /> <br />6. Appai.t a technical project officer for all contracts or projects <br />carried out or funded under this Agreement. <br /> <br />VI. Finaacial Administratlon <br /> <br />." <br /> <br />1. The foundition will be reimbursed for actual expenses associated with <br />ca~Dg oat its obligations under this Agreement (not to exceed two <br />percellt of the funds received each year). The Foundation will provide a <br />qua~11 statement which itemizes its expenses. Upon review (which will <br />not ~ed 30 days). the Service will authorize the Foundation to debit <br />the ClllItrilluted fund account to reimburse approved expenses. <br /> <br />2. The flUDdation will prepare and submit to the Service a semiannual report <br />by July 15 ~d December 15 of each year. which itemizes all funds <br />lUintailled. deposited, accrued, and disbursed from the account established <br />pursUMt t. this Agreement. <br /> <br />VII. Proiect Officers <br /> <br />for tit Service (and on behalf of <br />the llpl...tation Committee): <br /> <br />John &a.i11. Program Director <br />Colorado RiYer Endangered <br />fi~ Recovery Program <br />u.s. Fis. aJId Wildlife Service <br />P.O. IIu 25486, DFC <br />Denver. Colorado 80225 <br />(303) l3Ii-1398, FTS 776-7398 <br /> <br />For the Foundation: <br /> <br />Whitney Tilt <br />Project Manager <br />National Fish and Wildlife <br />Foundation <br />18th & C Streets, NW, Rm 2725 <br />Washington, D.C. 20240 <br />(202) 343-1040, fTS 343-1040 <br /> <br />VIII. Special TeJ1IS and Conditions <br /> <br />I. The f~ti.. will, in coordination with the Service, select the most <br />appropriatl! investment option for the contributed/donated funds. Primary <br />consi~tioawill be given to selecting extremely safe investments with <br />the higllest possible yield. Interest and/or dividends accruing to the <br />account ~an be available for the purposes for which the funds were <br />contrilllted . donated. <br /> <br />2. funds.. lie .ispersed by the foundation for purposes not included in the <br />Ilpleleltati.. Committee's annual work plan at the written direction of <br />the Serna's designated representative for this Agreement and concurrence <br />of the Oai..- of the Implementation Committee. <br /> <br />\ <br />