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Escambia County Health Facilities Authority
Tax Exempt Financing

The Authority´s capital financing program enables borrowers to access low interest rate capital markets through the issuance of tax exempt revenue bonds. Eligible borrowers must be private, non-profit health care organizations. These include hospitals and hospital systems, behavioral health care facilities, hospice care providers, nursing homes, assisted living facilities, clinics, facilities which serve the disabled or the elderly and continuing care retirement communities. The bond proceeds may be used to finance or refinance the acquisition, construction, equipping, rehabilitation or improvement of health care facilities, and pay costs of issuing the bonds. The bonds may be publicly sold or privately placed; bear interest at fixed or variable rates; hold investment grade ratings or be unrated (under certain conditions); and be credit enhanced or stand alone credit.

The Authority provides post issuance assistance to its borrowers, including amendments or supplements to the financing documents associated with outstanding bonds; issuance of current or advance refunding bonds; and cooperation with federal and/or state agencies conducting routine examinations of outstanding bond issues.

The Authority also offers tax exempt lease financing for capital equipment, information technology systems, vehicles, and other property eligible for lease financing.

The financing application package can be obtained from the Authority Executive Director. See the Contact Us section for detailed contact information.