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Council approves Southern Indiana Tourism revenue bonds and interlocal agreement
Summary
Floyd County Council approved Ordinance 2026-12 on second reading, authorizing issuance of Economic Development Revenue Bonds, Series 2026, to finance tourism projects and approved an interlocal agreement; the measure passed unanimously.
On June 9 the Floyd County Council approved Ordinance 2026-12 on its second reading and an associated interlocal agreement to authorize Economic Development Revenue Bonds, Series 2026, for tourism projects. The ordinance was presented as a financing mechanism to support designated tourism initiatives; the minutes record unanimous council approval (moved by Dale Bagshaw, seconded by Sam Sarkisian).
The ordinance language authorizes issuance of bonds "for the purpose of financing certain tourism projects" and delegates related actions as needed under the interlocal agreement. Council recorded the motion to approve the ordinance and interlocal agreement as published.
