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RESOLUTION NO. 22-88
INTERFUND LOAN
A RESOLUTION relating to an interfund loan from Equipment Rental &
Revolving Fund to Current Expense Fund.
WHEREAS, Current Expense Fund requires a loan to supplement cash
special assessments from property owners are collected;
WHEREAS, it is preferable to finance such a loan with internal
County funds,
NOW, THEREFORE, BE IT RESOLVED by the Board of Mason County
Commissioners that an interfund loan not to exceed $400,000.00 be
established as follows:
Amount:
Terms:
Equipment Rental & Revolving Fund $400,000.00
Ca) Annual Interest Rate of 6.50%
Cb) Term of loan not to exceed $400,000.00
Cc) Repayment upon receipt of
assessments in Treasurer's office_
ADOPTED this 29th day of February, 1988.
BOARD OF COUNTY COMMISSIONERS
MAS COUNTY, WANGTON
Chairperson Gibson
ommissioner
ATTEST:
Clerk of the Board
APPROVED AS TO FORM
Deputy Prosecutor
Mason County