The Kentucky Economic Development Finance Authority has announced a public hearing regarding the proposed issuance of Variable Rate Demand Revenue Bonds for Goodwill Industries of Kentucky, Inc. The meeting is scheduled for February 24, 2025, at 10:30 a.m. Eastern Time and will be held both in person and via video conference. The bonds, not exceeding $45 million in total principal amount, aim to benefit Goodwill Industries of Kentucky, Inc., a nonprofit organization.
The primary location for the hearing is the Mayo-Underwood Building in Frankfort, Kentucky. However, due to limited space, participants are encouraged to join virtually through a provided video teleconference link.
Proceeds from the bonds are intended for several projects including financing new donation centers and retail stores across various locations within Kentucky. They will also cover refunding previous bonds and notes used for similar purposes. The projects fall under different categories such as New Money Project and Refunded Projects.
Interested parties can express their views on the bond issuance by attending the public hearing in person or remotely via videoconference or teleconference using specified links and numbers. Additionally, written comments can be submitted to Katie Smith at the Authority's office prior to the hearing date.
"The Bonds shall not represent or constitute a debt or pledge of the faith and credit or the taxing power of the Commonwealth of Kentucky," states an official release from the Authority.