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• <br />• <br />r <br />2.4.1 Participants' contributions for the Modification Project Costs shall be kept by the <br />Managing Participant in an account with interest accruing to the benefit of each Participant. Funds <br />from the account may be spent by the Managing Participant only for Modification Project Cost. <br />2.4.2 Within ninety (90) days of the formal acceptance of the completed construction of <br />the Modification Project by the Managing Participant City Council, the Managing Participant <br />Director shall cause an accounting to be made of the Modification Project Cost. <br />2.4.3 The Managing Participant shall engage its then -current independent certified public <br />accounting firm to audit the Managing Participant's accounting. As soon as the firm has completed <br />the audit, the Managing Participant shall submit the audited accounting to the Participants. <br />2.4.4 The accounting shall state the difference between the estimated Modification Project <br />Cost paid by the Participants, and the actual Modification Project Cost. <br />2.4.5 If the Modification Project Cost, as determined by the audited accounting, is less than <br />the estimated Plant Modification Cost, resulting in an'overpayment by the Participants of their pro <br />rata shares, the Managing Participant shall refund such difference with interest accrued, at the <br />Interest Rate, to each Participant within ninety (90) days of the date of the receipt of the accounting <br />by Participants. <br />2.4.6 If the Plant Modification Cost, as determined by the accounting, is more than the <br />estimated Modification Project Cost paid by the Participants, resulting in an underpayment by the <br />Participants of their pro rata shares, the Participants shall pay such difference with interest <br />A:TWB 10975.RV I <br />L.D. File No. 80-99146-01 <br />12 <br />February 9.2000 <br />