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Utah County approves tax‑exempt conduit bonds to finance Intermountain Healthcare projects
Summary
After a public hearing, the Utah County Board of Commissioners approved resolutions authorizing tax‑exempt conduit bonds that will finance Intermountain Healthcare projects. County bond counsel said the county acts only as a conduit and is indemnified against debt service.
The Utah County Board of Commissioners on Tuesday approved resolutions authorizing the issuance and sale of tax‑exempt conduit bonds that will be used to finance hospital projects for Intermountain Healthcare.
Matt Dugdale, financial advisor to the county, told commissioners that “when the county issues bonds, it does so through the tax exempt bond market,” which allows borrowers to access lower interest rates because investors do not pay taxes on interest…
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