Ada Commishes will consider a motion to demand repayment of a $2 million loan made to Dynamis back in 2010. The meeting is at 1p.m. Wednesday at the Court House on Front St.
Under terms of the contract, the waste to energy company must repay the loan prior to construction of the processing plant. The GUARDIAN has repeatedly noted Idaho’s Constitution, Article VIII, sec 4 prohibits the loan of public funds to private businesses.
Idaho Citizens for Safe Environment and Transparent Government filed a lawsuit against Ada County over the Dynamis project. Included in their complaint is a claim the $2 million constitutes a loan, and it is illegal for counties to loan money to businesses.
Sort of like a burglar getting caught inside a building and saying, “OK, I’ll go back outside.” Too late! It’s also too late for the Commishes and Dynamis deal to become legal.
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