Co. Commission Signs Documents to Back Bonds for Hospital

During their budget planning session on Tuesday, the Stephens County Commission officially signed the documents to back the long-term bonds for Stephens County Hospital.

Last month, the commission voted to approve backing a $5 million loan for the hospital, as well as voted to officially begin working with an underwriter to help set up the long-term bonds, totaling $15 million.

County Administrator Pyllis Ayers said there were no changes to the documents since last month’s approval and the purpose of yesterday’s signing was only to ratify the motion.

Last week, the Hospital Authority signed two bond resolutions and according to Hospital Administrator Lynne Anderson, part of that will be used to  pay back the five million dollar loan that the County Commission backed.