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Committee OKs recommendation for up to $65M in tax‑exempt bonds for HealthRight 360 projects
Summary
The committee forwarded a resolution recommending Board approval of tax‑exempt financing (not city debt) through the California Municipal Finance Authority for HealthRight 360, up to $65 million total and about $50.6 million allocable to San Francisco projects; staff said the TEFRA process was completed and recommended approval.
Michelle Trivedi of the Controller's Office told the committee the resolution would permit the California Municipal Finance Authority to issue revenue bonds or a loan not to exceed $65,000,000 to refinance outstanding obligations and finance clinic and treatment facilities operated by HealthRight 360 in San Francisco. Trivedi explained the federal Tax Equity and Fiscal…
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