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Supervisors sign off on Industrial Development Authority issuance for Banner Health; county counsel and IDA explain conduit financing
2285276 · February 12, 2025
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Summary
The Board approved resolutions enabling the Industrial Development Authority to issue tax-exempt commercial paper for Banner Health; IDA counsel said the issuance is conduit financing and not county taxpayer debt.
Maricopa County supervisors voted unanimously to adopt resolutions approving the issuance of up to $400 million in tax-exempt commercial paper by the Industrial Development Authority (IDA) for the benefit of Banner Health.
Julie Arvo McKenzie, general counsel to the Maricopa County Industrial Development Authority, explained to the board that the IDA is a…
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