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8 <br /> c. Article 52 Seven-Dollar($7) County Vehicle Registration Fee.This is the County vehicle <br /> registration fee assessed by the Orange County Board of Commissioners in accordance <br /> with N.C.G.S 105-570 etseq.; and <br /> d. Vehicle Rental Tax. Any portion of vehicle rental tax collected by GoTriangle pursuant to <br /> N.C.G.S. 105-550 et seq. that is allocated to Orange County by the GoTriangle Board of <br /> Trustees. Future allocations of the Vehicle Rental Tax pest exec tieR of this <br /> agreemef4after FY23 shall be subject to the sole discretion of the GoTriangle Board of <br /> Trustees approval. If the GoTriangle Board of Trustees chooses to suspend any <br /> allocations of the Vehicle Rental Tax to Orange County,the Board of Trustees shall <br /> provide said county with three (3) months' notice of such suspension. <br /> 2.013 "Orange County Transit Plan Revenue" shall mean Dedicated Local Transit Funding Sources, any <br /> federal or state funds allocated by a designated recipient, debt proceeds, fares, local <br /> contributions, and any other sources of revenue used to fund the Orange County Transit Multi- <br /> Year Vision Plan <br /> 2.014 "Equitable Use of Net Proceeds Within or To Benefit the Special District" as that term is used in <br /> N.C.G.S. 105-508.1 shall mean: <br /> a. The revenues collected in Orange County must be spent for the benefit of that County.That <br /> does not mean they have to be spent in the County. <br /> b. For Cross-County projects, rates that are negotiated on some agreed upon periodic basis by <br /> the counties are by definition equitable <br /> 2.015 "Financial Model" shall mean a long-term financial planning model,that projects revenues and <br /> expenditures and includes all Dedicated Local Transit Funding Sources, as well as additional <br /> projected sources for projects and planned uses of funds as necessary for both capital projects <br /> and operating expenses, and is used to evaluate the impact of operating and funding decisions <br /> on the Orange Transit major operating and capital funds' financial condition to ensure the <br /> Orange County Transit Multi-Year Vision Plan's policies and objectives are maintained in the <br /> long-term, including liquidity targets and debt ratios relevant to rating agency metrics. Only <br /> Orange County Transit Plan Revenue, including Dedicated Local Transit Revenues, and <br /> expenditures of projects in support of the Orange County Transit Multi-Year Vision Plan shall be <br /> included in the Financial Model. <br /> 2.016 "Financial Plan" as that term is used in N.C.G.S. 105-508.1(2) shall mean: <br /> a. the Financial Plan requiring approval shall mean the Plan Implementation and Finance <br /> components of the most current Orange County Transit Multi-Year Vision Plan as <br /> supported by the details of the Orange County Transit Multi-Year Vision Plan and <br /> modeled in the associated Financial Model. Approval authority over the Financial Plan <br /> by the parties to this agreement only applies to the Dedicated Local Transit Funding <br /> Sources. Any other funding sources comprising the Financial Plan should be provided by <br /> appropriate project sponsors (as approved by their governing body) during the Annual <br /> Work Program and/or Multi-Year Vision Plan development processes. <br /> b. If now or in the future the Special District consists of Orange County and one or more <br /> other counties,the Financial Plan shall only include funds that would be budgeted and <br /> reported in the Orange Transit major operating and capital funds, provided that <br /> financial plans for other counties in the District, if any, have previously been approved <br /> by those counties. <br />