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µl2 <br /> 4 <br /> Synopsis of Comments <br /> Goal 5 - Financial Participation <br /> Establish a basis for Orange County's participation in the <br /> financing of water and/or sewer services and facilities. <br /> A. General Policies (Draft Policy) <br /> Genera L Policies <br /> 1 . Orange County' s investment is restricted to and where it <br /> issues its bonds for projects which have a relation to <br /> safeguarding the public health, safety and general <br /> welfare. Orange County will not participate in projects <br /> which will benefit exclusively private interests. Public <br /> expenditures shall further ,be limited to projects in <br /> approved service areas (Ten ; and Twenty-Year Transition <br /> Areas designated on the Land Use Plan) and/or for which <br /> which there is County funding responsibility. <br /> 2. Upon a decision by the Board of Commissioners that <br /> funding for a project is available and that criteria for <br /> approval have been met, the basis for County <br /> participation shall be on a pay-back basis. <br /> 3. Water and/or sewer extensions for the purpose of <br /> addressing a public health hazard may be financed by <br /> the following means: <br /> a. Revolving fund; <br /> b. State/Federal grants and loans; and/or <br /> c. General Fund and Enterprise Fund contributions. <br /> ( Includes both capital and operating funds) <br /> General Fund contributions, both capital and operating, <br /> will be used only if funding cannot be obtained from <br /> other sources. <br /> 4. Water and/or sewer extensions for economic development <br /> purposes Or for the development/expansion of a County- <br /> owned system may be financed by the following methods: <br /> a. Revolving funds; <br /> b. State/Federal grants and loans; and/or <br /> c. General Fund or Enterprise Fund contributions. <br /> ( Includes capital funds only) <br /> Capital funds from the General Fund will be used only if <br /> funding cannot be obtained from other sources. <br /> 5-A-1 <br />