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The Kentucky League of Cities has proposed that Shelbyville be one of the first in the state to join the group's new Interlocal Finance Corporation.
Garrett Drakeford, the director of financial services for KLC, previewed for the Shelbyville City Council on Thursday details of the agreement and invited the city to join Williamstown as the two inaugural members.
Drakeford explained that the city wouldn’t have any risk in joining the corporation, which he said was required because KLC no longer was able to obtain a letter of credit anymore.
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