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25 <br /> Adam Howe said that there is now an annual report that will be delivered to all parties at <br /> the end of each fiscal year. <br /> Slide #13 <br /> Primary Outcomes of the Study <br /> Delineation of Funding Sources <br /> Recommended language provides: <br /> 1 LA specifically defines Medicated Local Transit Funding Sources-for panty;defines <br /> separation from lopal funding sources and additional state,federal and debt funding <br /> Artjrle 43 Hof-Cent JO-5 percerftf SolLes and Use lax <br /> Article 51 Thrfw-Vollar($3�increase To GoTrrangle RegiaWl Registratran Fee <br /> r Article 52 Sever?-DpWgr($7)CoIFptV Vehicle Registration Fee <br /> S vehicle Rental Tax(ro arrammodare ftouore sh fL of what tM15 fu efkg scarce wXsapp6H, larrgua),e fans <br /> #eery induderl to"knowledge that it is Linder the ronrmi of the GoTrinngle Of7ard of Trustees urrd any future <br /> allocations of such funding are at the 5W� discreriarr of the&aTrrongie board of TrustessJ <br /> AT K 1 N 5 Oaferievan of iuncbreg scurmes pmye ies clarity on the rasouress a-Lwilebre.j supaorl <br /> eyWn.9 trarnsrl Serywu6 arrd fa irrmp arraarrf new s*rvices <br /> Slide #14 <br /> Primary Outcomes of the Study <br /> Clearly Defining Supplantation based on State Statute <br /> Recommended language provides: <br /> Supplantation means the opporkunity for parties to this agreement to use certain funding <br /> sources to replace existing funds or other resources for public transp4rtatien sy sterns- <br /> Local Funding Source that al laws supalantalion_[he County Vehkhe Registmflan Tax IN.C.G.S 11D5-57S1)which is levied at <br /> its maximumamoLnror$7M per year;this allowsthecounties9a fund[lie increased cost al existing servicesascurr nRly <br /> allocated <br /> Lc<@I RifldirFg Sources tf}at do rwl allow supplaataslon; <br /> a. Local GM@MnWnt Sales and Use T&q[Ir3 for NWk Tloasportation M C.G.S. 105.506,514)yrllrrh N lrvle� at Its <br /> maximum allowable rate of one halF percent{non-svpgrantofran cited in N-C-G-S 105-5-07-3-fsl; <br /> ir, Ragixan.al Transit Akthurfty Regktratlim Tax(N-L&S. 10S-560156%whidi is levied at its maximum amount of <br /> $S,)i1 "itwilh51DOr3irah58A0ct}rlectedalloratenILwallytoorangeCounty♦nunwr �pfnnron'ancnedift <br /> M-LG-5. !DS-SG4 <br /> AWNS <br />