Capital reserve fund for facility
Spartanburg CountySouth Carolina- Detected
- Sep 21, 2026
- 43 days ago
- Sector
- Capital Projects
- Est. value
- Free account
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From the meeting
The county and city agreement creates a capital reserve fund for the joint government facility and says the county will provide $7 million in initial funding from American Rescue Plan interest earnings. The fund will support capital projects on the capital project schedule and can also be used for construction funding subject to repayment terms. This is an important funding source and a sign that future facility and infrastructure work will be staged through a formal capital plan.
- Meeting date
- September 21, 2026
- Agency
- Spartanburg County
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