Dealing with the authorities.
Tax-exempt bond financings, inherently complex transactions, can become even more complicated, cumbersome and costly as hospitals come to terms with restrictive policies imposed by some state financing authorities. Executives also find they sometimes get caught in authorities' political machinations that may have little to do with the business of the municipal bond markets.
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D002202:Capital Financing / Q000331:legislation & jurisprudence*; D005377:Financial Management, Hospital / Q000331:legislation & jurisprudence*; D007449:Investments / Q000331:legislation & jurisprudence; D013219:State Government; D014481:United States