"The only thing we do is we just approve it," he said. "We're the vehicle, in other words. We don't back it. If anybody we approve any industrial revenue bonds for, if for some reason they default, that's their problem. We don't back it. We don't put any money into it."
"The rates are lower right now for any kind of bonds or mortgages or loans," Sprouse said.
The authority also authorized the refinancing of about
"We've had people advising us through the years, as the markets have gone up and down, when conditions were right to refinance," she said. "It just so happened that both of those seemed like they were prime opportunities at this time so we have proceeded with that."
The health system's board voted in April to proceed with the revenue bonds and refinancing. The money has provided capital for various projects, such as the clinical building for the
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