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San Luis IDA increases bond authorization to $110 million to finance Regional Center for Border Health hospital
Summary
The Industrial Development Authority of San Luis amended a prior resolution Jan. 13 to increase bond authorization to $110,000,000 to allow proceeds to be lent to the Regional Center for Border Health. Board adopted the change with an emergency clause; counsel said investment bankers requested the increase and bond counsel indicated no new TEPA hearing was required.
The Industrial Development Authority of San Luis on Jan. 13 adopted an amendment to a previously passed resolution to raise the authorized amount for a proposed bond issuance to $110,000,000. Board members said the increment is intended to allow the sale of bonds whose proceeds would be lent to the Regional Center for Border Health Incorporated to support construction of a new hospital in San Luis.
At a hearing on the amendment, legal counsel (mister Gimbert) told the board that…
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