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Posted on: September 19, 2017

Resolution No. 10 of 2017: Centre County General Authority Bond Issuance

A resolution declaring that the bond issuance is desirable for the health, safety, and welfare of the people served by the project and for the Centre County General Authority to undertake the financing of such a project.

Approving the project under Section 147(f) of the Internal Revenue Code of 1986, as amended, and repealing all prior inconsistent ordinances and resolutions.

The Board approved the issuance of revenue bonds in the amount of $12 million for the benefit of Liberty Lutheran Housing Development Corporation (dba the Village at Penn State), a PA nonprofit corporation who is expanding their facilities at 260 Lions Hill Road, State College, PA 16803.

The complete resolution can be viewed 
here.

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