Lyon County Government Entities Receive Quarterly Share From Riverboat Foundation
Date posted - October 25, 2012
Larchwood, Iowa — The cities and schools in Lyon County as well as the county government have received their quarterly share of the winnings from the non-profit license-holder of the Grand Falls Casino and Resort near Larchwood.
The Lyon County Riverboat Foundation sets aside 50% of its net receipts for the Competitive Grant Program. Those awards were given to 18 non-profit projects recently. The remaining 50% is divided into the municipal, school, and county fund with half of those funds earmarked for the cities and county program and the other half distributed equally to the schools of Lyon County. The LCRF is the nonprofit license holder for the Grand Falls Casino and Resort, which provides all of its funding. The casino is mandated by law to return a portion of its proceeds to the community.
In the latest distribution, the three county schools, Central Lyon, George/Little Rock, and West Lyon each received $45,207.25.
Little Rock $14,099.69
Rock Rapids $16,547.24
And the county received $19,120.08.
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