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Port authority announces $5 million increase
DAYTON – Joseph M. Geraghty, executive director of The Dayton-Montgomery County Port Authority, in conjunction with the Port of Greater Cincinnati Development Authority, announced a $5 million increase in the Southwest Ohio Regional Bond Fund Parity Reserves amount, which is jointly operated by both port authorities. The additional $5 million supplements the authorities very strong reserve position.
Parity Reserves are “common” reserves held in the Southwest Ohio Bond Fund (SWORBF) and are available to make Bond debt service payments on behalf of borrowers and, also, supplement existing funds held in the SWORBF which are available to support regional economic development projects and jobs.
February 12, 2021 By Jim Myers
Washington, D.C. The former vice chairman of the Inland Waterways Users Board (IWUB) expressed confidence the critical role the board serves will be recognized by a review ordered by the Department of Defense.
Michael Monahan, a member of the Campbell Transportation Company Inc. board, also predicted the current suspension the IWUB is under will be rapidly lifted.
That suspension and “zero-based” review were ordered by newly confirmed Defense Secretary Lloyd Austin, who included a list of more than three dozen advisory boards in a memo dated January 30.
An IWUB meeting previously scheduled for February 9 was canceled, stated an announcement posted on its website.