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Westmoreland supervisors approve $1.46 million transfer to catch up eight delinquent USDA loans
Summary
The Westmoreland County Board of Supervisors voted to transfer $1,459,798.01 from the county's investment fund to the general fund to bring eight delinquent USDA Rural Development loans current after staff outlined ACH rejections tied to a USDA system change.
The Westmoreland County Board of Supervisors voted to appropriate $1,459,798.01 from the county's investment fund to the general fund on a motion approved by the board, to bring eight delinquent USDA Rural Development loans current.
The chair said the appropriation was needed after staff and the treasurer briefed supervisors on a recent break in automatic drafts following a USDA accounting-system change. The treasurer told the board she received originator information from the county's finance office and had provided the wire instructions to the bank; she said she would process the FedWire catch-up payments the next morning. "I have been provided…
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