TITLE

Nevada Agency Plans $57M of Bonds for State's First CCRC

PUB. DATE
September 2004
SOURCE
Bond Buyer;09/17/2004, Vol. 349 Issue 31971, p30
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the Nevada's state Board of Finance has for the first time authorized selling debt to expand a retirement community that will be the first of its kind in the state. Though retirement communities are plentiful throughout Nevada, this is the state's first residential program that offers independent, assisted care, and nursing units within the same development. Continuing care retirement communities, or CCRCs, are familiar in California, Arizona, and the East Coast and are often financed with taxexempt bonds, but this is the first one in Nevada.
ACCESSION #
14438494

 

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