DEAF SMITH, TX (KFDA) - The Deaf Smith County Hospital District could refinance $23 million in debt to save almost $3 million in interest.
The district's board of directors announced the plan today.
Members voted unanimously to approve issuing new bonds if it can get terms that save at least $2.8 million over the life of the debt.
The proceeds would pay off the original debt that has a higher interest rate.
The original bonds funded the construction of the Hereford Regional Medical Center and the purchase of medical equipment.