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County council adopts resolution giving broad authority to spend solar agreement revenues; residents press for accounting of $225,000
Summary
Pulaski County Council adopted Resolution 25-12, allowing the council to allocate and invest revenues from solar economic-development agreements for a broad array of uses; residents asked the council to account for $225,000 they say the county never received from two developers.
Pulaski County Council adopted Resolution 25-12, a broad policy allowing the council and county finance officers to allocate revenues from solar economic-development agreements to a range of uses including infrastructure, workforce development, public services and incentives, and to invest some funds at the council’s direction.
The resolution was presented to the council as a framework authorizing the council to decide how revenues received under economic-development agreements may be spent or invested, and to adopt rules and procedures to guide long-term expenditures. A council speaker clarified that the resolution does not authorize spending without a subsequent motion, discussion and vote of the council.
At the meeting a motion to adopt Resolution 25-12 was made and seconded; the motion passed with one recorded no vote.
Why it matters: The measure gives the council formal…
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