(A) All funds collected by the AOC established by this chapter shall be dedicated to funding of school capital improvements. Said improvements must be in keeping with the CSCNS and must actually expand capacity of schools and not just provide ancillary or support facilities or improve existing facilities.
(B) AOC funds shall go towards either debt (i.e.: bond) repayment, or direct capital funding of capacity improvements.
(C) If school attendance districts are realigned by the Camden County Board of Education, the CAPS districts identified in this ordinance and LSSACF of this chapter shall be automatically redefined and the County Finance Officer shall be charged with reconciliation of AOC funds accordingly.
(Ord. 2007-01-01, passed 2-19-07)