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62 <br /> e. Shall distribute the Financial Plan to each unit of local government within its jurisdiction <br /> in accordance with N.C.G.S. 105-508.1; <br /> f. Shall use or expend all Dedicated Local Funding Sources only as specifically budgeted in <br /> the approved Orange County Transit Annual Work Program; <br /> g. Shall not pledge, represent,appropriate,or covenant to appropriate any portion of the <br /> Dedicated Local Funding Sources to cover any debt service,encumbrances,or operating <br /> or other expenses that do not arise from the Orange County Transit Annual Work <br /> Program; <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 Grange County <br /> Transit Annual Work Program; <br /> 1. 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, in connection with the financing of capital facilities outside of Orange County, <br /> unless such financing is agreed to or approved by the Orange County Board of <br /> Commissioners through project/umbrella agreements(for projects that are debt <br /> eligible) between the County, GoTriangle and/or project sponsor(if not GoTriangle), <br /> include provisions in all applicable financing and agreement-related documentation to <br /> the effect that these funds shall not be used to pay debt service or fund operating <br /> expenses or other costs associated with such capital facilities or the operation thereof <br /> from Dedicated Local Transit Funding Sources and that GoTriangle has entered into an <br /> agreement prohibiting the use of Dedicated Local Transit Funding Sources for such <br /> 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 />