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Appling County approves $2.5 million IGA to support local hospital with repayment clause tied to profitability
Summary
The county approved a $2.5 million intergovernmental agreement with Appling Healthcare including a $1 million advance and a 10-year repayment plan that allows restructuring if the hospital posts four consecutive profitable quarters.
Appling County commissioners on Feb. 4 approved an intergovernmental agreement (IGA) to provide Appling Healthcare with up to $2.5 million in support, including a $1 million advance and quarterly payments structured to be recouped from the county’s annual transfers to the hospital.
County Attorney Tracy Brown reviewed terms of the proposed IGA. Under the approved plan, the county will recoup funds by…
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