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U <br />not suffered as the State has consistently pulled back funding. The county <br />attorney plans to speak more to this issue during the January 30 work session. <br />To that end, in order to adhere to State mandates and avoid supplantion issues, <br />there appears to be two options for folding Lottery proceeds into the County's <br />Capital Funding Policy equation: <br />• Continue to use Lottery proceeds to offset annual debt service payments <br />for school related debt. <br />Combine Lottery proceeds with the currently dedicated equivalent of one <br />cent to fund Schools recurring capital in accordance with the County <br />Capital Funding Policy. In turn, both school districts could use the funds to <br />address older facility needs. <br />For your reference, attached are copies of N.C. Gen. Stat. § 18C, LGC Memo <br />1063, and 2007 Lottery related bills introduced. Laura, Geof, and I will be <br />available at the work session to discuss our observations and answer Board <br />questions. <br />6