Cases & Deals

South Dakota Health and Educational Facilities Authority issues auction rate securities

Clients South Dakota Health and Educational Facilities Authority

South Dakota Health and Educational Facilities Authority retained Jones Day as its bond counsel in the issuance of $61,075,000 Revenue Bonds, Series 2006 (Avera Health Issue) (Auction Rate Securities). A portion of the proceeds from the sale of the Series 2006 bonds will be loaned to each of Avera McKennan, Avera St. Luke's, Avera Queen of Peace and Sacred Heart Health Services for the payment of acquiring, constructing, remodeling certain of their respective facilities, among other things.

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