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13 <br /> This definition contemplates that a complete segregation of all Wake County Tax <br /> Revenue and Wake Transit Plan Revenues for the purpose stated herein is required to carry out <br /> the Financial Plan of the Tax District pursuant to N.C.G.S. 105-508.1 and that this definition <br /> considers the(i)identified needs of local public transportation systems in the district, (ii) human <br /> service transportation systems within the district, (iii)expansion of public transportation systems <br /> to underserved areas of the district. The Equi table Use of Net Proceeds shall not contemplate or <br /> include pledging, committing,agreeing to apply,or otherwise using any portion of Wake County <br /> Tax Revenue or Wake Transit Plan Revenues for any purpose now,or in the future,other than in <br /> accordance with the Wake County Transit Work Plan. Likewise, this definition contemplates <br /> that Non-Wake County Tax Revenue shall not be pledged,committed, applied,or otherwise used <br /> by Wake County unless approved by the other counties within the district. "Net proceeds"as <br /> used herein shall mean gross proceeds less the cost of collection being allocated to GoTriarigle as <br /> administrator of the Special District on behalf of any member county. <br /> 2.03 "FINANCIAL PLAN"as that term is used in N.C.G.S.105-508.1(2) shall mean: <br /> (I) As related to the Wake County Transit Plan: <br /> (a) If now or in the future the Special District consists only of Wake County,the <br /> Financial Plan requiring approval shall mean the Plan Implementation and <br /> Finance section set forth in pages 32-36 of the Wake County Transit Plan as <br /> supported by the details of the Transit Plan,and modeled in the Financial <br /> Model. <br /> (b) If now or in the future the Special District consists of Wake County and <br /> one or more other counties, the Financial Plan requiring approval shall mean <br /> the Implementation and Finance section set forth in pages 32-36 of the Wake <br /> County Transit Plan as supported by the details of the Transit Plan and <br /> modeled in the Financial Model. The Financial Plan shall only include funds <br /> that would be budgeted and reported in the Wake Transit major operating and <br /> capital funds; provided that financial plans for other counties in the District,if <br /> any, have previously been approved by those counties. The Parties agree the <br /> financial plan for the Special District will segregate the Wake County Transit <br /> Plan, Wake Tax Revenues, and Wake Transit Plan Revenues from any and all <br /> plans in support of projects not included in the Wake County Transit Plan. <br /> (2)As related to the Durham-Orange Transit Plan: <br /> The "Western Triangle Financial Plan," as defined herein and approved by <br /> Durham County,Orange County,GoTriangle, DCHC-MPO,BG-MPO on or <br /> about -1 __ . ..1 Commenttl[wci]:Durh bran;;;, ;;-- <br /> different b e.Also,need to venfy there IS Just ONE ! <br /> comprehensive financial plan for the Western <br /> 2.04 "NON-WAKE COUNTY TAX REVENUES" shall mean all revenues collected on Triangle Tax District <br /> behalf of member counties other than Wake County within the Tax District or Special District <br /> that are derived from transit funding sources associated with counties other than Wake County. <br /> 2.05 "SPECIAL DISTRICT"or"TAX DISTRICT"shall mean any tax district administered <br /> 6 <br />