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! I otherwise required by subsection (a) to be u~ed for public SchOol capital outlay purposes, for auy lawful ~ur~ose. The petition shall be in the form prescribed by the Local GOvernment Cosaission and shall deaonstrate that the county can provide for its public school capital needs without restricting the use of part or all of the designatea amount of the additional one-half pe£cent (!/2~) sales and use tax revenue for these purposes. In nakiuq its decision, the Local Government Co~nission may consider inforsat~os iron sources other than the petition. The Conn£ssion shall issue a w£1tten decisicn on each petition stating the findings of the Coamission concerning the public school capital needs of the petitioning county and the percentage of revenue other¥ise restricted by subsection (a) that any used bF the petitioning county for any lawful purpose. Decisions of the Commission allowing counties to use percentage of their tax revenue that would otherwise he restricted under subsect£ou (a) for any lawful purpose are final and shall continue iD effect until the restrictions imposed by those subsections expire.. A county whose petition is denied, in whole or in part, by the Conmission may subsequently subait a new petition to the Con~isSion. (c) &couuty nay ex~end parc or all o~ the revenue restricted for public school capita/ needs pursuant to subsection (a} in the fiscal year in ~hich the revenue is geceivedo or the county nay place part or all of this revenue in a capital reserve ~und ann shall speci~ically i~entify this revenue i~ accordance with Chapter 159 of the General Statutes. (d! For ~u£poses Of this section i~ determiaiug the nueber of fiscal y~ars in which one-half p~rcent (1/2~) sales aud ~se taxes levied under this Article have been in effect in a county, these taxes are considered to be in effect only iron the effective date of the levy of these taxes and are considered to be iu effect for a full fisca~ year during the first year in which these taxes were in effect, regardless of the number of aonths in that year in which the taxes were actually in effect. "§ 105-503. ~eport on county spending ~ public school ~apital outla_/.--(a) It is the purpose of this ~rticle for counties to appropriat~ funds generateO un, er this ~rticle to increase the level of county spending for public elenentary and secondary school capital outlay (including retirement of indebtedness incurred by the county for this purpose) above and beyond the level of spending prior to the levy of the additional tax authorized uade~ this Article. (b} Oe or before February ~5 of each year the ~ocal Government Coumissioa sh~ll furnish to the Geueral Assenbly a report of the level of each countyss appropriations for Fublic school capital outlay (including retirement of indebtedness incurred and monies reserved for this purpose).. The report shall include the amount each county has provided for public school capital outlay for a period including at a ~iuinum the sost recent five fiscal years, estisates of pubiic school facility needs, the proportion of revenue trow taxes collected under Article qO of this Chepter that bas been provided for public school capital outlay purposes {including retirenent of ~ndebtedness incurred and sorties reserved for these purFoses), the proportiou of revenue collected Hous~ Eill 15~2 3