Smyth County Board of Supervisors Minutes 2026-05-14
County Approves Moral Obligation for Water Authority LOC
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Description
The Board of Supervisors approved providing a moral obligation backing for the Rye Valley Water Authority's line of credit with the Bank of Marion, facilitating critical upgrades to water infrastructure through a reimbursable grant process.
Contract Details
Vendor
BANK OF MARION
Agency
Smyth-Grayson Kunnarode Authority, VA
Contract Type
FINANCIAL_SERVICES
Document Date
May 14, 2026
Contract Term
Line of Credit (LOC) for Rye Valley Water Authority project
Renewal Info
No renewal info; obligation expires once LOC is repaid or grant fully reimbursed.
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