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16 <br /> Limited Obligation Bonds Collateral Overview <br /> ➢ Security Pledge- County assets serve as collateral, with payments subject to <br /> annual County appropriations <br /> ➢ Lenders generally require that the value of the collateral be equal to at least <br /> 50% of the financing amount (for example, at least $10 million of collateral <br /> for a $20 million loan) <br /> ➢ The collateral for the Series 2026A&B Bonds will include the County's <br /> Northern and Southern Campuses, the County Justice Facility, and the new <br /> Crisis Diversion Facility. The value of this collateral will comfortably exceed <br /> lender requirements <br /> ➢ Pursuant to the County's financing document, the County can continue to <br /> borrow money against this same collateral pool as long as a meaningful <br /> portion of the amount financed is used to improve property in the collateral <br /> pool . <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br />