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25 <br /> 1 Adam Howe said that there is now an annual report that will be delivered to all parties at <br /> 2 the end of each fiscal year. <br /> 3 <br /> 4 Slide #13 <br /> Primary Outcomes of the Study <br /> Delineation of Funding Sources <br /> Recommendled language provides: <br /> I LA specifically defines'Dedicated Local Transit Funding Souroes'for panty,define <br /> separation from local funding sources and additional state,federal and debt funding <br /> s Article43 Hail tint(0-5 percent)5o�Les and Us-p T&x <br /> r Artich?51 Thnee-dollar($3)increase to GaTrrarsg�e Regiprml Registration r<ee <br /> r Article52 ScwLrr-DWfar 1`$7)County Vehicle Regi5tration Fee <br /> } VehicleRLn?tal ThR(to accommodot4n futrire shifts of what tMlsAndlnq source wiilsapporr;,larrguaga has <br /> been included to acknowledge that it rs under the contras of the GaTrrang�e Board of Trustees urW any future <br /> allocatiorr5 of 5ur.M funding are at the 5ok 4i5creti4m of thR CaTriongg a Board of Trv-m sJ# <br /> ATK I N S parenimn of iunch'ng aource5 prove des clarify on the to 5uppon <br /> exrsftng trgm5 f cervrcas and to iqat meof new services <br /> 5 <br /> 6 <br /> 7 Slide #14 <br /> Primary Outcomes of the Study <br /> Clearly Defining Supplantation based on State Statute <br /> Recommended language provides: <br /> Supplantation means the opportunity for parties to this agreement to use certain funding <br /> sources to replace existing funds or other resources for public transportation systerns- <br /> Local Funding Source that allows supplantation_Itie County Vehicte Registration Tax IN.C.GS 105-570)which is levier}at <br /> its maximum amount of$7AD per year:this allows the tnun[ies ko fund the inrreased rusk of existing services as currently <br /> allocated <br /> F LacdlFundl%sources that-do rwt allow supplantation! <br /> 1, Laal Go nnMM Saf*t and us*T4064 far FNAWk Tlransp*rtatlon (N r�r3.5. 105-505:514)w17101 ii levied at Its <br /> maximum allowable rate aF one ha IF percent{non-supplontotion ritedrn N-CCr-S 105-5107-3-bl: <br /> 11. Re&natl Transit Authorhy Registration Tax(N-C-GS.110rr560=5£9Mwhirh is levied at its maximum amount or <br /> 58,00 pet veau wlth 53.W of t aMll 55.pp collected allocatea Io'cally 10 orange CGURty(riotl-5UPPMrrtattdrt citedirr <br /> Ai-co-S. SOS-SGdf <br /> ATKINS <br /> 8 <br /> 9 <br /> 10 <br />