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Board approves TEFRA resolution clearing path for North Bay to buy local health clinics
Summary
The board held a public hearing and approved a TEFRA resolution allowing the California Municipal Finance Authority to issue up to $20 million in tax‑exempt revenue bonds to finance North Bay Group’s purchase and improvement of three health facilities in Solano County and one in Winters.
The Solano County Board of Supervisors on August 2025 held a Tax Equity and Fiscal Responsibility Act (TEFRA) public hearing and approved a resolution allowing the California Municipal Finance Authority (CMFA) to issue up to $20 million in tax‑exempt revenue bonds for HealthCorps/ North Bay operations.
Why it matters: The bonds will let North Bay Group and affiliated entities refinance acquisition and improvement costs for three Solano County facilities (2458 Hillborn and 2460 Hillborn in Fairfield; 327 Main Street in Rio Vista)…
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