Clinton County extends forbearance deadline for Bucksdale Medical Center loan pending state budget
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Summary
Commissioners approved a forbearance agreement extending the maturity of a $300,000 loan to Bucksdale Medical Center until 60 days after Pennsylvania enacts its FY 2025-26 budget, citing the state budget impasse and a concurrent federal shutdown.
Clinton County commissioners voted Oct. 30 to approve a forbearance agreement that extends the maturity date on a $300,000 loan to Bucksdale Medical Center until a date 60 days after the Commonwealth of Pennsylvania enacts its fiscal year 2025-26 budget.
A commissioner explained the extension reflects both the ongoing state budget impasse and the federal government shutdown and said the county is working with Bucksdale Medical Center to keep the facility viable for local health care needs. "We're trying to continue to work with Bucktail Medical Center, to make sure that they're a viable source for health care in our community," the commissioner said.
The motion to approve the forbearance was moved, seconded and approved on a voice vote. The forbearance ties the loan maturity to state budget enactment; specific repayment terms beyond that extension were not discussed at the meeting.