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Board gives staff go-ahead to pursue Low Income Pool reinstatement and to explore loan support for North Walton Doctors Hospital
Summary
Walton County commissioners directed staff to begin the process to reinstate the Low Income Pool (LIP) assessment ordinance and to explore legally permissible ways to help North Walton Doctors Hospital secure a short-term loan through a local power cooperative, stopping short of any full-faith-and-credit pledge.
The Walton County Board of County Commissioners gave staff general direction to restart the process to reinstate the county’s Low Income Pool (LIP) levy ordinance and to explore whether the county can offer limited, legally permissible support to help North Walton Doctors Hospital obtain a short-term, interest-free loan from a local power cooperative.
County staff explained that the LIP is a non-ad valorem assessment program administered through a state association (referenced in the packet as ACCA) that can be used to generate funds tied to hospital revenues; the county had previously adopted such an assessment when there were two hospitals…
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