Regents to award and issue Hospital Revenue Bonds

BY DI STAFF | SEPTEMBER 10, 2012 6:30 AM

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During the state Board of Regents’ meeting on Wednesday, the regents will consider a resolution sale, awarded, authorization, and issuance of Hospital Revenue Bonds in order to build a new Children’s Hospital at the UI.  

This past February, the regents approved the sale of $190 million of bonds for the $292 million project budget.  The principal would be paid back over 25 years from hospital income, not including state appropriations.  

The bond will include the project costs, debt-service reserve, underwriter’s discount and the issuance costs.  The bid opens at 10 a.m. Wednesday, and the award will be scheduled later in the day.

— by Stacey Murray

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