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Finance Committee amends interfund loan terms for Wyoming County Community Health System
Summary
The Finance Committee approved an amendment to Resolution 26-332 adjusting repayment terms for two $2.0 million advances to the Wyoming County Community Health System, adding a 60-day repayment requirement for the Transformation Grant advance and interest if the loan extends beyond 2026.
Supervisor Smith moved and the Finance Committee approved an amendment to Resolution 26-332 that clarifies repayment timing for two $2.0 million interfund advances to the Wyoming County Community Health System. The original advance funding lines—$2.0 million for Accounts Payable Relief and $2.0 million for a Transformation Grant—totaled $4.0 million; the amendment requires the Accounts Payable Relief advance to be repaid when New York State releases the 2026 DPT funding and FEMA disburses final reconciliation funds or prior to the end of fiscal year 2026.
The amendment further requires that the Transformation Grant advance be repaid within 60 days of the completion of the Transformation Grant construction project and specifies that interest will apply if the interfund loan extends beyond 2026. The motion carried with six ayes and two absences recorded (Rudgers, Roberts).
