SDCTA Opposes Senate Bill 615
Expanding the definition of "public works" projects to include projects that are not directly financed with taxpayer dollars is unjustifiable. Increasing the cost to construct hospitals and other healthcare facilities will only exasperate the existing problem of rising healthcare costs and limited access to care. This use of conduit revenue bonds is intended to make the construction of healthcare facilities easier because we need more of them. Adding strings to the use of conduit revenue bonds renders them, at best, less effective.