Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Economic Development topic
No spam. Unsubscribe anytime.
Russell County approves $432,594 transfer to IDA to pass through grant
Summary
The Russell County Fiscal Court approved a $432,594.01 transfer from the general fund to the Russell County Industrial Development Authority to serve as a pass-through for a grant the IDA received; the motion passed unanimously on Feb. 10, 2025.
Russell County Fiscal Court voted Feb. 10 to transfer $432,594.01 from the county general fund to the Russell County Industrial Development Authority to act as a pass-through for a grant the IDA secured. County Judge Executive Randy Marcum said the money is being moved because the IDA received the grant and the county will serve as the pass-through agent.
Magistrate Larry Skaggs moved to approve the transfer; Magistrate Zach Wilson seconded and all present voted in favor. The court did not debate the specifics of the grant during the meeting. The transfer was recorded as a routine fiscal action and will appear in the county’s accounting for the current fiscal period.
The vote followed other routine financial business at the meeting, and Judge Marcum did not provide further details about grant conditions or the IDA’s planned use of the funds. The court’s minutes note the transfer was intended solely to move the grant money through county accounts to the IDA.
