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Board holds TEFRA hearing and approves up to $42 million in CMFA revenue bonds for North Bay Health project
Summary
The board conducted a TEFRA public hearing and approved a resolution allowing the California Municipal Finance Authority to issue up to $42,000,000 in tax-exempt revenue bonds for North Bay Health to refinance a recent taxable loan used to acquire land and a building in Fairfield.
The Solano County Board of Supervisors held the required TEFRA public hearing and approved a resolution authorizing issuance of tax-exempt revenue bonds by the California Municipal Finance Authority (CMFA) not to exceed $42,000,000 for North Bay Health, county officials said.
Chuck Lomelli, identified as the county treasurer-tax collector and county clerk, explained that a TEFRA (Tax Equity and Fiscal Responsibility Act of 1982) hearing is required when tax-exempt bonds underwritten by a 501(c)(3) entity are issued for a project within a…
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