Orange County NC Website
<br />Orange County Board of Education <br />Resolution to Amend the Orange~County Capital tinprovement P(ari Funding <br />Policy <br />WHEREAS, The Orange County Government is considering an amendment to its capital improvement <br />plan funding policy for the 2D10-2011 fiscal year, <br />BE IT, TWEREFORE, RESOLVED, the Orange County Board of Education requests the County to <br />modify its Capital Funding Policy by (a) applyingto use accumulated lotteryfunds for debt service <br />payments provided an equal amount of funding is transferred fo the district's 2010-2011 CfP and {b) <br />permitting current year withdrawals immediately after the state's quarterly lottery fund deposit. <br />This-the 1~ day of November, 2010. <br />~'t ~ <br />Tony McKnight, Chair <br />Orange County Board of Education <br />f-~ ..~-~.~, L <br />~~ <br />G. Patrick Rhodes <br />Secretary to the Board of Education <br />