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FROM . 1 804 225 6356 01-29-98 02:35PM TO 16049703523 x115 P.3/6 • subsection (c) of this section. Such per diem charge will be adjusted by the Authority periodically as provided in Section 4.7. (2) The Operating Component shall be invoiced by the Authority to the Member Jurisdictions not later than the 15th day of the month following the month in which the service was provided. The Member Jurisdictions shall pay the amount invoiced not later than the last day of the month in which billed. (3) The Debt Service Component shall be invoiced quarterly by the Authority and shall be payable no later than the last day of the, first month of each quarter beginning in July 1999 ( or such earlier or later date as to which debt service on the Authority's Bonds and Notes has been capitalized)_ To facilitate the successful financing of the Jail, The Member Jurisdictions agree to advance their ratable shares of the Debt Service Component as budgeted by the Authority in accordance with the percentages established annually as set forth is this Section notwithstanding the actual number of Prisoners committed or expected to be committed to the Jail, subject to later adjustment to reflect actual use of the Jail as provided in paragraph (a)(3.1) of this section. (3.1) The Debt Service Component percentages shall be adjusted each Fiscal Year to approximate the actual proportionate use of the Jail by the Member • Jurisdictions as of the end of the immediately preceding calendar year; provided, however, the percentages to be paid by Albemarle County and the City of Charlottesville shall at no time equal in the aggregate less than one hundred percent (100%) of the Debt Service Component payment for the Fiscal Year in question, and provided further that the advance payment of the Debt Service Component requested from Albemarle and Charlottesville for each quarter shall reflect a credit (applied in proportion to their respective usages) for the amounts actually received from other Member Jurisdictions, if any, during the preceding quarter. (4) Tf not paid when due, the Per Diem Charge and Additional Payments for Debt Service provided in subsection (b) below shall bear interest at the rate established under Section 11-62.10 of the Code of Virginia until paid; provided, however, that this provision shall not apply in instances where applicable law prescribes some other due date or late payment charge. (5) Within sixty (60) days of the end of the each Fiscal Year, the Authority shall adjust the Debt Service Component for each Member Jurisdiction to reflect the amount each Member should have paid during such year based upon actual proportionate use of the Jail and compare it to the amount paid by each Member. Any Member Jurisdiction which has underpaid shall be billed by the Authority for the amount of the shortfall. Any Member Jurisdiction that has • overpaid shall he entitled to a credit in the amount of such overpayment to he