Fun Stuff We Do
Podcasts
Contact Us
Staff
CBB
Spree
News
Sports
WJAW LIVE FEED
WMOA LIVE FEED
HS Scores
Sports Coverage
Advantage Partners
HOME    |    Closings and Delays    |   Contest    |   Links    |   Coverage    |   About WMOA    |   Programming
Washington County Commissioners Delegate Guaranty Funds
Posted on: 04/16/2014
By  Justin Bradley
The Washington County Commissioners voted to pass a resolution giving a $55,300 guaranty fund to the county port authorityís Ingenuity Center.

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 countyís general fund.

Commissioner David White says money was pulled from the general fund because the revolving loan fund didnít 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.


Search News From: