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Level) is a reasonable cost allocation corresponding to Debt Service for the time <br />period specified. Such adjustments shall take into consideration and correspond <br />to costs of all Regional Facilities Expansion Projects undertaken as of the <br />Effective Date, or at any time thereafter, all in accordance with the provisions of <br />the Regional Agreement; provided, that all such adjustments shall likewise not <br />generate revenues in excess of the costs of such Regional Facilities Expansion <br />Projects in accordance with the provisions of constitutional and statutory law <br />governing public agency rates and charges <br />6. Regional Facilities Expansion Projects. Except for paragraph 7 (f) <br />of this agreement, nothing herein contained shall be deemed a limitation upon <br />District to provide for and implement Regional Facilities Expansion Projects <br />pursuant to paragraphs 6, 11(c), and 11(d) of the Regional Agreement. Subject <br />to the funds on deposit in the Regional Expansion Fund for Bonds outstanding at <br />any given time, District may undertake Regional Facilities Expansion Projects <br />pursuant to said paragraphs which do not require debt financing as District shall <br />determine; provided, that if the Rate Stabilization Fund balance is less than the <br />Administrative Target Level, or would be reduced to a balance less than the <br />Administrative Target Level as a result of modified or proposed Regional <br />Facilities Expansion Projects based on District's approved fiscal year 1998-99 <br />Capital Improvement Program Budget, such modifications or proposed projects <br />shall be made or undertaken only upon agreement of District and City. The <br />parties acknowledge that, in undertaking Regional Facilities Expansion Projects, <br />annual adjustments to the Regional Connection Fee above the minimum <br />increases provided in paragraphs 5 and 7 hereof may be necessary, as <br />described in paragraph 5. <br />7. Rate Stabilization Fund/Regional Expansion Fund. (a) Identical <br />Fund. The Rate Stabilization Fund and the Regional Expansion Fund shall be <br />Agmt-41 10 <br />f/sh/sh/DSRSD <br />DES:r <br />12/S~OOr <br />