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Utah County unanimously approves conduit bond resolutions to finance Intermountain projects
Summary
The Utah County Board of Commissioners held a public hearing and approved three separate bond resolutions allowing Intermountain Healthcare to issue tax‑exempt bonds through the county as a conduit issuer; county officials said the county’s finances and bond rating are not at risk and proceeds will be used by Intermountain.
Utah County commissioners voted unanimously to approve three bond resolutions that will allow Intermountain Healthcare to issue tax‑exempt bonds through the county as a conduit issuer.
Matt Doug Dell, financial adviser to the county with George K. Baum & Company, explained the structure during a public hearing, saying the county is not “going into the health care business” and that no county tax dollars will be used. He told the commission the county’s financial statements and bond rating would not be affected by acting as conduit.
Chris…
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