TITLE
title
APPROVAL OF AN AGREEMENT BETWEEN THE NORTH CAROLINA OFFICE OF STATE BUDGET AND MANAGEMENT AND GUILFORD COUNTY FOR THE ADMINISTRATION OF STATE FUNDS IN AN AMOUNT NOT TO EXCEED $3,637,245.25 PURSUANT TO SESSION LAW 2017-17 (REGIONAL WATER PROJECT)
end
SPONSOR
sponsor
Marty K. Lawing
end
BACKGROUND
background
Session Law 2017-17 appropriated $14,548,981 to Rockingham and Guilford counties for the planning, design, survey, real property acquisition, construction, repair and other activities necessary to improve the performance and reliability and expand the capacity and service footprint of participating water systems in each county. The legislation specifies that 75% of the funds will go to Rockingham County and 25% or $3,637,245.25 will be used in Guilford County.
The Office of State Budget and Management has requested that Guilford County serve as the recipient of the funds and be responsible for the administration of the funds during the term of the agreement which will terminate on June 30, 2020. Guilford County and the municipalities of Oak Ridge, Stokesdale and Summerfield may spend up to $3,637,245.25 prior to June 30, 2020. Any portion of the funds that remain unspent by this date must be returned to the state. The Office of State Budget and Management will disburse the funds in three installments in accordance with the following schedule:
PAYMENT 1. An initial installment of $909,311 or 25% of the total allocation, shall be disbursed upon the submission of an invoice and a fully executed inter local agreement. The Memorandum of Understanding between the county and the municipalities for the regional water system feasibility study shall serve as the inter local agreement.
PAYMENT 2. Approximately 6 months after Payment 1 is disbursed, the county may provide an invoice for a second payment of $1,818,622 or 50% and attach quarterly status reports that describe unspent balances that remain after the first payment.
PAYMENT 3...
Click here for full text