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a3 <br /> <br /> <br />• <br />esnct~~~ent 6a~th the-ef~e-e~~ee-da~~e~ '~~ ^ T J,,.,.~m~~~ • The dissolution <br />of OPC will bew~e preceded by a public hearing in Orange County, in <br />Person County and. in Chatham County, each held with notice published <br />in every participating county. at least ten days before the hearing. <br />The dissolution of OPC will bey with prior approval of the Secretary. <br />Continuity of services provided by OPC in its Catchment Area is <br />assured by virtue of the creation of the LME and the execution of this <br />Agreement. <br />The budgetary surplus available to OPC at the time of its <br />dissolution is to be distributed to .Orange, Person and Chatham <br />Counties respectively on the same pro rata- basis as each county <br />appropriated and contributed funds to OPC's budget during the fiscal <br />year in which dissolution occurred. Prior to distribution, an audit <br />of the financial records of OPC shall occur and distribution shall be <br />based on the results of the audit. The audit shall be conducted by a <br />certified public accountant or accountant subsequently certified by <br />the Local Government Commission to conduct the audit who is chosen by <br />the OPC Area Board. The audit shall be conducted in accordance with <br />the provisions of N.C.G.S. §159-34. All funds distributed to the <br />Parties in accordance with this section shall be placed in the fund <br />balance of the LME. <br />If unobligated surplus funds of OPC are not sufficient to satisfy <br />the total indebtedness of OPC, the remaining unsatisfied indebtedness <br />shall be apportioned among the Parties on the same pro rata basis that <br />the Parties appropriated and contributed funds to OPC's budget during <br />the fiscal year in which dissolution occurred. <br />-17- <br />