Hardin Contract Still Not Finalized

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By Nick Lough

Story Published: Sep 30, 2009 at 6:34 PM MST

Story Updated: Oct 1, 2009 at 9:57 AM MST

BILLINGS - Three weeks after announcing a deal with American Police Force, Two River's Authority officials say the contract is yet to be finalized.

Two River's Authority Vice President Al Peterson says the contract is on its second or third re-write. He says an agreement is still hinging on tax laws and making sure the bonds used to fund the jail remain tax-free.

Two Rivers officials hope to have the contract approved by their next meeting scheduled for October 5th. Peterson says the deal will be released to the public after it's signed.

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VIVIAN said on Friday, Oct 2 at 12:49 PM

If a person is a felon is he allowed to associate with kind of activity?

Matilda said on Thursday, Oct 1 at 8:09 AM

Since the trustee for the Hardin Jail bonds, US Bank, has not signed off on the deal, it is hopeful that they have their eyes wide open to the possibility of this deal being in violation of the USA Patriot Act and anti-money laundering requirements. Who are the principals of APF and where does their funding originate? My bet is OFAC guidance will be part of the bank's due diligence in this deal!

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