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Commissioners approve Resolution 2024‑14 and authorize intercap loan paperwork
Summary
Daniels County Commissioners approved Resolution 2024‑14 and authorized county officials to sign paperwork to proceed with an intercap loan and attest to a requested drawdown; the board approved the paperwork by voice vote.
Daniels County Commissioners approved Resolution 2024‑14 on Aug. 19 and authorized county staff to sign the required documents to proceed with an intercap loan administered by the Montana Board of Investments.
Following the resolution vote, the board signed and attested to paperwork related to a drawdown request; the exact draw amount in the transcript is unclear. Commissioners indicated the intercap loan proceeds will be used for capital or program expenses described in meeting materials and that the county treasurer or clerk would attest to the draw.
Why it matters: intercap loans are a common mechanism for Montana local governments to access short‑term financing for capital projects; authorizing the paperwork starts the draw process and obligates county staff to follow Board of Investments procedures.
Outcome: Resolution 2024‑14 was approved by voice vote with no recorded opposition and the paperwork to proceed with the intercap loan was signed. Staff will follow up on draw processing and any required reporting to the Board of Investments.
Next steps: county staff to complete draw requests and report back to commissioners on proceeds and intended uses once funds are available.
