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4 <br /> Background <br /> ❖ State of North Carolina allocation from the Federal CARES Act is $4 billion; <br /> ❖ The North Carolina General Assembly approved the Coronavirus Relief Fund Act House Bill <br /> 1043, <br /> ❖ Governor signed legislation House Bill 1043 on May 4, 2020; <br /> ❖ House Bill 1043 appropriates $150 million from the State to be allocated among 97 counties <br /> on per capita basis; <br /> ❖ U.S. Treasury is providing direct funding to Guilford, Mecklenburg and Wake counties; there <br /> populations exceed 500,000, <br /> ❖ House Bill 1043 allows NC counties to determine municipality funding; <br /> ❖ Orange County per capita share from the State is $2,665,753 <br /> ❖ Fair and reasonable allocation is methodology is each town per capita share within Orange <br /> County; similar to current Local Option Sales Tax per capita N4e -- <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br />