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County approves first reading of up-to-$130M bond ordinance to finance Ephraim McDowell expansion
Summary
Boyle County Fiscal Court approved the first reading of an ordinance on May 13 that would allow issuance of up to $130 million in tax‑exempt hospital revenue and refunding bonds to finance improvements at Ephraim McDowell Regional Medical Center.
Boyle County Fiscal Court on May 13 approved the first reading of an ordinance that would authorize the issuance of up to $130 million in tax‑exempt hospital revenue and refunding bonds to finance improvements at Ephraim McDowell Regional Medical Center.
Bond counsel and hospital leaders described the financing as a common structure in which the county issues bonds on behalf of the hospital so debt interest can be federally tax‑exempt, producing lower interest costs for the hospital. Bond counsel said the arrangement does not create county…
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