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..v ._. .. :✓�+c.. �'.. .t:.., .. ......... v.� U.. ,.._�.i 4� -.. 1`J wA%e :joaru, .,af&:.:.y`. <br />vwvil: '3 c:1as.74-'UJ and .noyJ4t 1i <br />y, <br />lLiA�b h mot+ <br />\ ..C'": .....v e r c e`Jv Vr,7+} and any <br />pr ope: ; y which t::ey have and whit <br />L:ra n cce:;Sary fcr ;.:.e Location, operation anti repair of such <br />e1V� ;dip <br />2 . 02 DederaI Gr ant . The Board has taken over <br />fro:,: as part of its assets, all of its rights in <br />a d ,o an application to the lederal'Water Pollution Control. <br />Ac�r:irAist ; ation of the United States Department of the Interior. <br />(now ��,} dated earth 22, 196$ for a grant of funds not L. <br />l <br />exceed $�510,000 to be used to pay costs of acquisition of the ' <br />interceptors. Pursuant to the application, a grant of $432,120 <br />was approved on March 4, 1969, and an increase in the grant to <br />$474, 330 was approved on March 13, 1969. As of Septemaber 31, <br />_971, W.D.:;.E. had received $342,700 of the grant, leaving an <br />unpaid balance subject to final audit of $1314,630. Such balance <br />will be paid directly to the Board. The Board is obligated to <br />use such grant funds to pay -costs of acquisition of the Inter- <br />ceptors. Such costs have been paid by the Municipalities and <br />the Board will therefore reimburse the' Municipalities .for <br />tr,ese costs up to the amount of the grant funds received. <br />Section 3. Financing, of Capital Costs. <br />3.01. Bonds Issued. The=Municipalities have <br />41, <br />• y 1 <br />2 _ k9u <br />