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18 <br />LGG108A(BACT~ <br />PAGE 2 <br />D. Additional DENR. Loan an.d Grant procedures £or a Cat~ital Proiect Ordinances <br />(1) Loans <br />Pursnaut to G.S. 159-26{h)(6}, a capital praject fiznd is required to account far all debt <br />inetrument proceeds used to finance capital. prajects. To facilitate budgetary and accounting <br />cantrol, it is required that a capital project ordinance, pursuant to G.S. 159-J.32, be adopted <br />by the gaverning hoazd authorizing all appropriations necessary for the completion of the <br />project. Will the unit prepare and adopt a balanced capital project ordinance coverin~ the life <br />of the project? (A copy of the approved ordinance be xequired to be submitted to DENR. <br />prior to disbursement of any proceeds.) ~YES ^ NO <br />(2} Grants <br />To facilitate budgetary and acc~unting control, it is required that a grant project ordinance, <br />p~zrsuant to G.B. 169-132, with a corresponding capital project fund, be adopted by the <br />governing board authori.zing all appropriatians necessary for the completion of the pro}ect. <br />Will the unit prepare and adopt a balanced capital project ordi.nance coverin~ t;he life of the <br />rp oject? (A copy of the appxoved ordinance will be r~uired to be submitted to DENR. prior to <br />xeceip~ of grant proceeds)? YES ^ NO <br />