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� s � be a very specific flow of funds that will be set out in the bond documents. As to what benefit the county might receive from this when in the end the government absorbs the tax exempt status, Ms. Wheeler felt that the Board must consider that the Constitution and Statutes give them the authority to issues such bonds for particular benefits, with specific reference to pollution control projects. Chairman Scurlock wished to be assured that none of these funds would be used to bring the present facility into conformance with any possible violations of DER standards, and Attorney Wheeler stated that these funds cannot be used for unrelated projects. She informed the Board that although her firm was hired by General Development Utilities to structure this bond issue, she realized that the County may desire their own bond counsel. Attorney Wheeler felt the Commission should be aware that in conduit financing the interests of the industry and the interests of the county are close, if not identical, because the interests both share is to be sure the corporation is 100% responsible for the bonds and the county is not responsible at all. Commissioner Fletcher stated that he could see the advantage to General Development to finance their expansion with tax free bonds, but he did not believe this was the intent of the Legislature, and he further was not in favor of giving this particular company an edge in competition with other housing. Attorney Wheeler pointed out that under the Constitu- tion, a lot of projects now qualify for industrial bond issues that did not before, but pollution control facilities always have been a qualified project. Commissioner Wodtke spoke in favor of the Commission considering General Development's request, both because the type of homes they provide are needed in this county and MAR 31982 45 NOK 9 - ME 57