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Floyd County halts interest on communication tower fund, orders transfer
Summary
The Board of Supervisors voted 3-0 to stop accruing interest on Communication Tower Fund 34000 and authorized the Treasurer to move the balance into a non‑interest-bearing account.
The Floyd County Board of Supervisors voted unanimously June 2 to stop accruing interest on Communication Tower Fund 34000 and directed the county Treasurer to transfer the balance into a non‑interest‑bearing bank account.
Supervisors Gloria Carr and Boyd Campbell made and seconded the motion, which carried 3-0. The action was recorded as a financial policy change for the fund; no dollar amount for the balance was specified during the meeting. The board did not attach conditions to the transfer and provided no timeline for restoring interest-bearing status.
