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Columbia County awaits delayed FEMA reimbursements and investigates potential arbitrage liability
Summary
County officials said a $6.9 million FEMA allocation processed through the Georgia Emergency Management Agency is awaiting state disbursement after more than 40 days; officials also disclosed a potential arbitrage payment approaching $900,000 related to bond proceeds invested at higher yields.
Columbia County financial staff told commissioners on June 10 that the county is waiting on multiple FEMA-related payments after hurricane response work.
Staff said $6.9 million had been processed through the Georgia Emergency Management Agency (GEMA) and was awaiting the state accounting…
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