The commissioners have now decided from where that money will come.
In a special meeting yesterday, the commissioners voted to draw roughly$48,700 from the revolving economic development loan fund. The other $4600 will come from the county’s general fund.
Commissioner David White says money was pulled from the general fund because the revolving loan fund didn’t have enough money to cover the entire guaranty.
He says the money will now be tied up for a period of close to twenty years in the case that the port authority should default on its loan during that time frame.