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Committee backs supplemental appropriation for Laguna Honda Hospital replacement project
Summary
The Budget and Finance Committee recommended forwarding an ordinance to appropriate $25.6 million in tobacco settlement revenue and $25.7 million in 1999 Laguna Honda Hospital bond interest to support the Laguna Honda replacement project’s near-term cash flow and continued construction through late 2009.
The Budget and Finance Committee on the recommendation advanced an ordinance to appropriate tobacco settlement revenue and interest from 1999 Laguna Honda Hospital general obligation bonds to the Laguna Honda replacement project.
John Thomas, program manager for the Laguna Honda replacement program, told the committee the supplemental appropriation covers funds previously approved by the capital planning committee but…
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