City backs $20M bonds for UA Health Services hospital project
$20.0M
, Red tier (over $1 million)
Birmingham issues revenue bonds to help University of Alabama Health Services Foundation acquire and renovate healthcare facilities. The city's credit backs the debt, though repayment comes from the foundation's revenue stream rather than city taxes.
Counterparty:
University of Alabama Health Services Foundation, P.C.
Funding source:
Bond
Action type:
Resolution