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4 <br /> Page 3 of 4 <br /> board. This transfer of ownership is a paper transfer and is generally done for sales <br /> tax-related purposes. Once the financing is complete the facility is usually transferred <br /> back to the school board pursuant to lease and financing document language. <br /> This memorandum is intended to provide a general overview of the BOCC's authority to <br /> allocate school capital funding by project. The County's regular bond counsel, Bob <br /> Jessup, is available and willing to discuss logistical details of capital appropriation by <br /> project with the BOCC. Bob has direct experience working with other counties that have <br /> chosen to appropriate capital funding by project and as noted above contributed to this <br /> memorandum. <br />