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18 <br /> h. Shall maintain adequate Operating Fund Balances and Capital Fund Balances in the <br /> Orange Transit major operating and capital funds per Financial Policies& Procedures <br /> and related guidelines mutually agreed to by SWG; <br /> i. Shall obtain approval from the Local Government Commission for all issuances of debt, <br /> certain capital leases, and other financial agreements as required by law; <br /> j. Shall not under the provisions of N.C.G.S. 160A-20, create any security interest in real or <br /> personal property funded by Orange Transit major operating and capital funds unless <br /> 100%of the proceeds of the related financing are for projects in the Orange County <br /> Transit Annual Work Program, unless such security interest and financing are approved <br /> by the Orange County Board of Commissioners; <br /> k. Shall ensure that any proceeds from the sale, transfer, and disposition of property, or <br /> from insurance proceeds for projects funded by Orange Transit major operating and <br /> capital funds be used for Orange Transit projects in accordance with the Orange County <br /> Transit Annual Work Program; <br /> I. Shall include provisions in all applicable financing documentation to the effect that <br /> GoTriangle has entered into an Agreement prohibiting the use of Dedicated Local <br /> Funding Sources to fund debt service or other expenses that do not arise from the <br /> Orange County Transit Annual Work Program unless otherwise agreed to or approved <br /> by the Orange County Board of Commissioners or included in the Orange County Transit <br /> Annual Work Program or the Orange County Transit Multi-Year Vision Plan; <br /> m. Shall, upleSS „+h agFeed to by n, „ C my er included in the n. „ C my <br /> in connection with the financing of capital facilities <br /> outside of Orange County, unless such financing is agreed to or approved by the Orange <br /> County Board of Commissioners through project/umbrella agreements (for projects that <br /> are debt eligible) between the County, GoTriangle and/or prosect sponsor (if not <br /> GoTriangle) ;n cennectien vdith the financing of Gapital facili+;e-S „„+S„-e of n,-A..n- <br /> y, and include provisions in all applicable financing and agreement-related <br /> documentation to the effect that r_ e-these funds cis-shall not be used to <br /> ,moo-pay debt service or fund operating expenses or other costs associated with <br /> such capital facilities or the operation thereof from QFaRge COHRty Ta" <br /> RevenuesDedicated Local Transit Funding Sources and that GoTriangle has entered into <br /> an aAgreement prohibiting the use of Orange County Tax Revere, ^ Dedicated Local <br /> Transit Funding Sources for such purpose; <br /> n. Shall maintain such books, records, and systems of accounts so that the expenditures of <br /> Dedicated Local Transit Funding Sources and Orange Transit Plan Revenue are <br /> accounted for as expended on the Orange County Transit Annual Work Program as <br /> budgeted and reported in the Orange Transit major operating and capital funds; <br /> o. Shall provide any and all Financial Statements, accountings, reports, and information to <br /> SWG within thirty(30) days of request, and produce drafts of documents created on <br /> behalf of the SWG for review and feedback from SWG prior to GoTriangle's issuance, <br /> approval, and release of Comprehensive Annual Financial Reports, adopted budget <br /> documents, and applications for Grant Funding approval; <br /> p. Shall not issue or authorize the issuance of any Preliminary Official Statement, Official <br /> Statement, or similar securities offering documents in connection with the financing of <br />