Lepage Halts Bond Package for Hospitals, Colleges

Summary


Saying it's not OK to use the state's name without approval from voters, Gov. Paul LePage has refused to approve a $31 million bond package for hospitals and colleges.

Without his signature, the bond package can't go forward. That's leaving some, including Franklin Memorial Hospital, scrambling to find other financing.

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Lepage Halts Bond Package for Hospitals, Colleges

At issue is the Maine Health and Higher Education Facilities Authority, a little known, quasi-state agency that oversees low- interest loans for nonprofit hospitals and educational institutions.

Through MHHEFA, hospitals and colleges ac...

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