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52 <br /> b. Article 51 Three-Dollar($3) increase to GoTriangle Regional Vehicle Registration Fee. <br /> This is the increased portion of the regional vehicle registration fee assessed by <br /> GoTriangle in accordance with N.C.G.S 1015-561 et seq. allocated to Orange County; <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 et seq.;and <br /> d. Vehicle Rental Tax. Any portion of vehicle rental tax collected by GoTriangle pursuant to <br /> N.C.G.S. 1015-5503 et seq. that is allocated to Orange County by the GoTriangle Board of <br /> Trustees. Future allocations of the Vehicle Rental Tax after FY23 shall be subject to the <br /> sole discretion of the GoTriangle Board of Trustees approval. If the GoTriangle Board of <br /> Trustees chooses to suspend any allocations of the Vehicle Rental Tax to Orange County, <br /> the Board of Trustees shall provide said county with three (3) months' notice of such <br /> suspension. <br /> 2.413 "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 Grange 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 Flan" 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 overthe 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 />