Requirements for Inclusion in the Wake Transit Work Plan Sample Clauses

Requirements for Inclusion in the Wake Transit Work Plan. It is hereby acknowledged that as a prerequisite of a Party’s formal request for inclusion of an Implementation Element in the Wake Transit Work Plan, the Party must: 1) be a Party in good standing to this Participation Agreement; 2) be a member of the TPAC; and 3) be or be added as a Party in good standing to the Interlocal Agreement for the Administrative Distribution of the Wake County $7 Vehicle Registration Tax (only if Party is an eligible municipality in Wake County pursuant to N.C.G.S. 105-570). It is expressly agreed and understood that the conditions set forth in this Participation Agreement are a pre-requisite for funding allocations from Wake County Transit Tax Revenues and no Party may receive Wake County Transit Tax Revenues unless they remain in compliance with the terms and conditions of this Participation Agreement.
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Related to Requirements for Inclusion in the Wake Transit Work Plan

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