Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Healthcare Capital topic
No spam. Unsubscribe anytime.
Harris Health says first bond tranche largely spent; second issuance expected in June
Summary
Harris Health told Commissioners Court the first $840 million bond issuance has been nearly spent on construction, with an anticipated second issuance of about $830 million to price in early June; officials also outlined skilled‑trades compliance tracking and apprenticeship participation on major hospital projects.
Harris Health officials reported a progress update on the county’s voter‑approved bond for health system facilities, telling the court that the first issuance has been substantially spent and the second installment is scheduled to price in early June.
"Last May we took out the first instance of the bond issuance in the amount of $840,000,000. By March of this year, we spent $819,000,000," a Harris Health presenter said, and added the second installment is expected to be roughly $830,000,000 with pricing in early June and delivery at the end of June.
Harris Health also briefed the court on skilled‑trades protections and prevailing‑wage review processes implemented for major projects including the O’Quinn Hospital and LBJ central utility plant. The health system and court staff said they are coordinating with the county’s DEO and outside partners to validate certified payrolls, confirm worker classifications and track apprenticeship hours (presentations listed project-level apprenticeship percentages in the high teens to low twenties for the hospital project footprint).
Commissioners asked for continued transparency and for updates that clearly identify risks, program milestones and workforce‑compliance findings. Harris Health said it will return with ongoing quarterly updates and that the next bond tranche timing and consequential project mobilizations are on schedule.
What’s next: Harris Health will proceed with the second bond issuance schedule and continue quarterly reporting on procurement, workforce compliance and construction milestones.
