Council approves INDOT 80/20 grants and county match plan for three projects
Floyd County accepted INDOT 80/20 reimbursement grants for Bridge 38, Baylor Wissman Road construction, and Hwy 150 Break; the county will pay expenses from Fund 9124 and receive 20% reimbursements into Fund 1173, with state reimbursements receipted to 9124.
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CFO Stan Heil summarized three INDOT-funded projects covered by 80/20 reimbursement agreements: DES#2401835 for Bridge 38, DES#2401834 for Baylor Wissman Road construction, and a Hwy 150 break project. Heil said the County will pay project expenses from Fund 9124 and Fund 1173 will reimburse Fund 9124 for the County’s 20% share; when INDOT remits the 80% state reimbursement, those funds will be receipted into Fund 9124.
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