To obtain a copy of the report for PABs for 501(c)(3) click the link below.
VEHBFA issued $31.350M in 2013 Series A (tax-exempt) bonds on behalf of the Rutland Regional Medical Center (RRMC) to refund previously issued VEHBFA/RRMC debt and to cover the cost of issuance of the 2013-A bonds. RRMC expects to save approximately $542,000 in year one and an annual median savings of $400,000 from the refunding due to the lower credit spread of the new bonds.
The VEHBFA Board met on August 5, 2013 and approved bond financings for the Rutland Regional Medical Center and Norwich University. Rutland and Norwich expect to close on the financings in September.