Hospital Finance Authority

PURPOSE:

The HOSPITAL FINANCE AUTHORITY ACT (Act 38 of 1969) allows the city to create a Local Hospital Finance Authority for the purposes of constructing, acquiring, reconstructing, remodeling, improving, adding to, enlarging, repairing, owning, and leasing hospital facilities for the use of a hospital within or without the boundaries of the incorporating unit; lending money to a hospital for those purposes; refunding or refunding in advance obligations of a local authority or the state authority; or refinancing the indebtedness of a hospital.

The City of Hillsdale's Hospital Finance Authority last met in 2011.