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County asked to provide TEFRA host approval for nonprofit bonds to keep local cancer center operating
Summary
A project representative asked the Covington County Commission to authorize a TEFRA host approval and public hearing so a public finance authority can issue tax-exempt bonds to preserve services at a cancer treatment center at 104 Medical Drive; staff said the county would not be the issuer nor assume financial exposure.
Daniel Moore, a project representative, asked the Covington County Commission to consider a resolution authorizing a TEFRA host approval and a public hearing so a public finance authority can issue tax-exempt bonds to support a cancer treatment center at 104 Medical Drive. "The cancer center located on 104 Medical Drive down here treats about 2,700 treatments a year," Moore said, and he warned that rural cancer care is under pressure: "27 percent of cancer centers have closed in the last 7 years." Moore said the nonprofit bond model…
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