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Police Jury authorizes up to $40.46 million in hospital revenue bonds
Summary
St. Helena Parish Police Jury adopted a resolution authorizing the issuance, sale and delivery of hospital revenue bonds for Hospital Service District No. 1 in an amount not to exceed $40,459,000 and approved related bond anticipation notes.
At its April 8 meeting the St. Helena Parish Police Jury unanimously adopted a resolution approving the issuance, sale and delivery of Hospital Revenue Bonds for St. Helena Parish Hospital Service District No. 1 "in multiple series, in an amount not to exceed $40,459,000," and authorized related bond anticipation notes.
The minutes record the motion and unanimous carry but do not include details about maturities, interest rates, or the specific uses of bond proceeds. The resolution delegates bond issuance mechanics to the Hospital Service District and related counsel; the minutes list the dollar ceiling of $40,459,000 but provide no further financing terms in this record.
