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Committee places Resolution 24-40 on consent to revise interfund revolving loan between water and general funds
Summary
Resolution 24-40, described as an amendment to the interfund revolving loan agreement between the water fund (borrowing) and the general fund (lending), was introduced and placed on the consent agenda; members said the change had been discussed previously.
The committee introduced Resolution 24-40, described as an adjustment to an interfund revolving loan agreement that would make the general fund the lending fund and the water fund the borrowing fund. A member said the board "discussed this last week" and indicated the resolution would be placed on the consent agenda for formal adoption.
No detailed amendment language or financial figures were read into the record during the provided segments. Committee members indicated the matter had been reviewed previously and were comfortable placing it on consent for formal approval.
