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CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />REGULAR MEETING <br />�rRCA'ia1 MAR <br />• P .M. <br />AGENDA CATEGORY: <br />Consent Agenda <br />SUBJECT: <br />Finance - Qualified School Construction Bond (QSCB) Project Ordinance <br />Update and Related Budget Amendment <br />BRIEF SUMMARY: <br />The Qualified School Construction Bond (QSCB) Fund is being updated <br />for an additional $30.00 in interest income. The QSCB Fund will be closed <br />after the three -year spending deadline on April 13, 2014. The updated <br />project ordinance and budget amendment are attached for approval. <br />REQUESTED ACTION: <br />Motion to adopt the revised Qualified School Construction Bond (QSCB) <br />Project Ordinance and related budget amendment. <br />EXPECTED LENGTH OF PRESENTATION: <br />SUBMITTED BY: <br />Susan Fearrington, Assistant Finance Director <br />BUDGET AMENDMENT REQUIRED: <br />Yes <br />COUNTY MANAGER'S RECOMMENDATIONS /COMMENTS: <br />This item was approved by the Board for inclusion on the Agenda as a <br />Consent item. <br />BUDGET AMENDMENT: <br />F -2 Page 26 <br />