The Jackson County Board of Commissioners took action Monday night to help the BJC Medical Center Authority resolve cash flow problems and pay short-term debts.
The commissioners agreed to send a letter of guarantee and line of credit to Bank of America on hospital bonds Jackson and Banks counties are already paying. When the bonds were sold, they were structured so that the assets of the hospital were pledged as collateral.
The Jackson County Board of commissioners voted Monday to moves that will allow BJC Medical Center to borrow money to finance its short-term debts.
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