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I Manager's Memo information for County Managers from the N, C. Association of County Commissioners · - Information Alert MEMORANDUM TO: County Managers FROM: Ed Regan, Assistant Executive Director DATE: July 10, 1987 SUBJECT: Proposed,Public School Building Capital Fund and the Critical School Facilities Needs Fund As you know HBl155 (New Schools for North Carolina) is moving toward passage. We expect final action on the bill in the House next week in the form of concurrence in the "Hold Harmless" amendment made by the Senate at the request of the Association. We have received a number 'of questions from county officials regarding the funding for school construction which is included in the bill. At this point, we cannot answer some of the questions that deal with administrative procedures. These procedures will be developed during the next two months by the State Treasurer and the Office of State Budget and Management. On the other hand, there are a number of questions which we can answer based on the provisions of the bill. A summary follows. 1. Assistance Funds There are two funds established by the bill. The first is the Public School Building Capital Fund which will provide assistance to all counties based on Average Daily Membership. A preliminary projection of amounts available to each county during the first six years is attached. Please allow for a 5% margin of error in these estimates. The second fund is the Critical School Facilities Needs Fund. Monies in this fund will be used for grants to help counties with the greatest school building needs and limited local revenue capacity. An independent commission will be established to determine critical needs and eligible counties. It is impossible at this point to determine which counties might qualify. - OVER - NORTH CAROLINA ASSOCIATION OF COUNTY COMMISSIONERS ALBERT COATES LOCAL GOVERNMENT CENTER 215 N. DAWSON ST. · P.O. BOX 14~ · RALEIGH, NORTH CAROUNA 27602 · TE LEPHON E 919~32-289'J