Saturday, February 27, 2010

Judge orders bank to turn money over to Jefferson County, Alabama

AL.com reports:
A circuit court judge today ordered Minneapolis-based U.S. Bank to turn over $27.4 million it holds in an account for Jefferson County.

County officials said the money immediately will be used to pay a tax rebate payment due Saturday to the Internal Revenue Service.

Bank officials have declined to say why they refused to release the money to the county.