Despite Closing, Ill. Hospital Keeps Collecting Operating Levy to Pay Debt

Shields, Yvette
July 2001
Bond Buyer;7/20/2001, Vol. 337 Issue 31185, p44
Trade Publication
Reports on the decision of the board of Wood River Township Hospital in Illinois to continue collecting a general fund levy that pays for operating expenses in order to speed up repayment of bonds. Debate over the validity of the outstanding bonds; Lawsuit filed by the township in 2000 after learning that the hospital was on the verge of financial collapse.


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