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Commissioners approve authorization to issue up to $275 million in hospital district general obligation bonds
Summary
The court authorized a not‑to‑exceed $275 million bond issuance to fund hospital district capital projects including a burn center, cancer center expansion and critical care capacity; the court set conservative financing parameters amid volatile markets.
El Paso County Commissioners Court voted Monday to authorize the El Paso County Hospital District to proceed with a general obligation bond issue not to exceed $275 million to fund a first tranche of hospital capital projects.
Jacob (UMC representative) and Michael Núñez, district chief financial officer for the El Paso County Hospital District, presented a financing plan that splits bond proceeds into an equipment portion (amortized over 10 years) and a bricks‑and‑mortar portion (amortized over 30 years). The presenters said the district plans a two‑tranche approach because IRS…
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