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above, it is acknowledged that the GoTriangle Board of Trustees has representative membership <br /> from Wake County. <br /> 5.02 Governance of the Transit Plans. <br /> a. Wake County Transit Plan. The governance of the Wake County Transit Plan and all <br /> financial components of the same shall be strictly in accordance with the framework and <br /> provisions detailed in the Wake Transit Governance Interlocal Agreement, to which <br /> Durham County, Orange County, DCHC-MPO and BG-MPO are not parties. <br /> b. Durham and Orange Bus and Rail Investment Plans. The governance of the Durham <br /> and Orange Bus and Rail Investment Plans and all financial components of the same shall <br /> be strictly in accordance with the framework and provisions detailed in the Interlocal <br /> Implementation Agreements,to which Wake County and CAMPO are not parties. <br /> 5.03 Financing of the Transit Plans. Consistent with the provisions set forth in Article IV, <br /> above, one-hundred percent (100%) of all Wake County Tax Revenues and Wake Transit Plan <br /> Revenue collected by GoTriangle shall be expended in accordance with the Wake County <br /> Transit Work Plan. The Parties hereby agree that zero percent of the Wake County Tax <br /> Revenues and Wake Transit Plan Revenue will be made available for any purpose or cause <br /> outside of the Wake County Transit Plan. Likewise, one-hundred percent (100%) of all Non- <br /> Wake County Tax Revenues collected by GoTriangle shall be devoted to projects outside of the <br /> Wake County Transit Plan and Wake County Transit Work Plan, unless otherwise agreed to by <br /> the Parties. <br /> 5.04 Integration of Transit Plans. Nothing herein shall prevent coordination between the <br /> Parties for regional transit systems or joint undertakings between the Wake County Transit Plan <br /> and Durham and Orange Bus and Rail Investment Plans, as they may be amended from time to <br /> time, that overlap the jurisdictional boundaries of the member counties of the Triangle Tax <br /> District. Notwithstanding the above, any financial components of such a joint undertaking shall <br /> be separately accounted for in accordance with the overriding financial provisions contained in <br /> the Wake Transit Interlocal Governance Agreement and as further directed by the Wake County <br /> Transit Plan. Nothing herein shall prevent the Parties from entering into a separate Cost Sharing <br /> Agreement for any regional transit projects or systems that cross jurisdictional boundaries. <br /> ARTICLE VI <br /> MISCELLANEOUS PROVISIONS <br /> 6.01 No Waiver Of Sovereign Immunity. Nothing in this Agreement shall be construed to <br /> mandate purchase of insurance by Wake County pursuant to N.C.G.S. 153A-435; or to be <br /> inconsistent with Wake County's "Resolution Regarding Limited Waiver of Sovereign <br /> Immunity" enacted October 6, 2003; or to in any other way waive Wake County's defense of <br /> sovereign or governmental immunity from any cause of action alleged or brought against Wake <br /> County for any reason if otherwise available as a matter of law. <br /> 13 <br />