Illinois Planning $1.2B Monday Sale For Hospital Assessment Tax Program

Shields, Yvette
September 2007
Bond Buyer;9/11/2007, Vol. 361 Issue 32710, p38
Trade Publication
The article reports on the sale of $1.2 billion of general obligation notes plans by Illinois to finance payments owed to hospitals as part of its hospital assessment tax program. The notes will mature in 45 days and although they carry the state's general obligation pledge, government officials anticipate to repay the debt with federal Medicaid reimbursement proceeds and future collections of the hospital assessment fee.


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