Emergency Program Lowers Hospitals’ Interest Rates
Treasurer Bill Lockyer (D) has developed an emergency plan that will offer lower interest rates to hospitals that have seen bond payments rise as a result of the subprime mortgage crisis. The California Health Facilities Financing Authority has approved the program for six hospitals that plan to refinance a total of more than $4.5 billion in debt.
- "Emergency Plan Helps Hospitals With Bond Debt" (Weiss, "KXJZ News," Capital Public Radio, 3/12).