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Commissioners okay casino money loan for 10 new police vehicles
PARIS -- County commissioners Tuesday approved a plan to finance the purchase of 10 new vehicles for the Oxford County Sheriff's Office with money received by statute from Oxford Casino. The county will repay the money to the casino fund over three years.
In November, the county budget committee approved up to $275,000 from the county casino fund to finance the purchase of three new sedans and seven new pickup trucks for the Sheriff's Office. Eight older vehicles will be traded in as part of the arrangement.
The county will but the vehicles from Bessey Motor Sales of Paris for $250,000, including the initial setup to make the cars patrol-ready. In December, and in the following two Decembers ending in 2015, the county will pay $83,333 back to the casino fund.
County Administrator Scott Cole stressed that the casino money isn't paying for the trucks and cruisers. The fund is being used as an interest-free loan.
According to state law, Oxford County receives 1 percent of revenues from casino slot machines and table games to defray costs related to the casino. The county is keeping that money in a separate fund.