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County to amend school capital fund ordinance; $3.66 million in lottery proceeds slated for refunding debt retirement
Summary
Forsyth County finance staff said June 2 they will report lottery proceeds to the North Carolina Department of Public Instruction, close older bond projects and apply $3,657,177 this year toward retiring 2013 and 2015 refunding debt.
County finance staff said June 2 they will amend the State Public School Building Capital Fund grant project ordinance to close the 2013 and 2015 school bond refunding projects and submit required reports to the North Carolina Department of Public Instruction.
Adam Fernbach of the county finance department told commissioners the county will report the lottery‑proceeds allocations and that this year’s allotment is, he said, $3,657,177 (he prefaced the…
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