The Grayson County Economic Development Authority voted at its meeting to move unencumbered savings from an agriculture-support account back into the EDA general fund and give notice to taxpayers with delinquent taxes with an Aug. 31 deadline to claim funds.

The action follows a financial report showing a county balance of $560,634.04 as of June 13. That report said the Commonwealth Opportunity Fund reimbursement for an incentive to RPM arrived in May and was paid out in June, and that the authority paid $9,000 to the Virginia Agriculture Foundation for the remainder of a feasibility study. The meeting materials and discussion showed the agriculture-support line had spent $122,015.54 of a $200,000 allocation; the precise remainder in the transcript was not specified during the meeting.

Board members discussed whether to hold a portion of the EDA balance in case several recipients of public funds paid delinquent taxes and therefore should receive those allocations. Staff estimated that the outstanding exposure tied to a small group of taxpayers would likely be modest; during discussion a speaker said the potential payout would "probably not be more than $3,000." The board debated whether to unencumber the funds immediately or retain an encumbrance until the Aug. 31 deadline.

A motion was made to move the unencumbered agriculture-support savings back to the EDA general fund and to give notice to those with delinquent taxes that they must resolve their taxes by Aug. 31 to receive the funds. The motion was seconded and approved by voice vote; the chair called for "all in favor, aye." No roll-call vote was recorded in the minutes provided.

Staff said they would email the affected taxpayers and, if funds are not claimed by the deadline, return the money to the EDA general fund for other uses. The board did not adopt a different reallocation plan at the meeting.

The decision frees previously restricted agricultural-support dollars for EDA use while preserving a short administrative window for delinquent taxpayers to claim eligible amounts.