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<br />, ,. t <br /> <br />expend the 20% of the portion of the Municipal Share it receives in accordance with <br /> <br />either of the two preceding sentences, then such portion shall carry over and be added to <br /> <br /> <br />the Municipal Share to be distributed amongst the Eligible Cities in the ensuing year and <br /> <br /> <br />such carried over portion shall be utilized by the Eligible Cities solely for the transit uses <br /> <br /> <br />enumerated in this paragraph. <br /> <br /> <br />6. Net Proceeds distributed to cities incorporated after November 5,2002, <br /> <br /> <br />shall not reduce or affect the Municipal Share as defined herein for Eligible Cities. <br /> <br /> <br />7. By June 1 st of each year, City shall, in order to be eligible to receive a <br /> <br /> <br />portion of the Municipal Share for the ensuing year, certify to County that: i) for the <br /> <br /> <br />current fiscal year it is providing at least the same level of general fund support for <br /> <br /> <br />transportation that City provided in City's FY 2001-2002 budget; and ii) it is using the <br /> <br /> <br />current year's portion of the Municipal Share received in accordance with this <br /> <br /> <br />Agreement. Such certification shall include a certified copy of City's budget for the <br /> <br /> <br />current fiscal year, together with a list of the projects (including ongoing or completed <br /> <br /> <br />projects that a city is paying debt service on borrowed funds) on which the current year's <br /> <br /> <br />portion of the Municipal Share received is being expended. If City fails to meet the <br /> <br /> <br />certification requirement~, after being given a reasonable opportunity to correct any <br /> <br />deficiences, the amount equal to ~e pro rata portion of the Municipal ,Share City is to <br /> <br />receive in the ensuing year shall not be distributed to City and shall be distributed among <br /> <br /> <br />the remaining Eligible Cities. <br /> <br /> <br />8. City agrees that the Citizens' Independent Transportation Trust ("CITT") <br /> <br />shall have the power to monitor, oversee, review, audit and investigate the City's <br /> <br />implementation of any project funded in whole or in part with the portion of the <br /> <br />3 <br />