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If a County/City is allocated some of the QSCB funding, then later decides not to participate, can they still opt out without repercussions until the Loan Agreement/Bond Resolution is actually passed?

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If a County/City is allocated some of the QSCB funding, then later decides not to participate, can they still opt out without repercussions until the Loan Agreement/Bond Resolution is actually passed?

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The County can opt out within 24 hours of their award notification, because the funds will need to be allocated to another LEA.

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