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Boyd County continues $4 million line of credit for FEMA‑reimbursable disaster costs
Boyd County Governing Body
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Summary
Boyd County approved continuation of a $4,000,000 line of credit to cover emergency or disaster expenses pending FEMA reimbursement; officials said the annual measure lets the county proceed with repairs while the bank temporarily carries the debt. The motion passed unanimously.
Boyd County approved continuation of a $4,000,000 line of credit to cover emergency or disaster costs that will later be reimbursed by the Federal Emergency Management Agency, the chair said at a special meeting on June 26.
The chair said the county renews the line each year to allow immediate repairs…
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