Floyd County Council files restraining order against County Trea - WDRB 41 Louisville News

Floyd County Council files restraining order against County Treasurer

Posted: Updated:

LOUISVILLE, Ky. (WDRB) -- The Floyd County Council has filed a restraining order in an effort to keep the County Treasurer from putting money from the sale of Floyd Memorial Hospital back into a certificate of deposit.

$70 million was supposed to be given to the Community Foundation of Southern Indiana to invest. The council estimates that it is currently losing out on $35,000 a day in interest.

A council member says if the money isn't moved to the community foundation by Friday, the council will hold an emergency meeting Friday night to decide what to do next.

Copyright 2016 by WDRB News. All rights reserved.
 

  • Sign Up for WDRB's Sports Newsletter

    * denotes required fields

    Thank you for signing up! You will receive a confirmation email shortly.
Powered by Frankly
All content © Copyright 2000 - 2017 WDRB. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.