Kentucky Economic Development Finance Authority schedules public hearing on bond issuance

Kentucky Economic Development Finance Authority schedules public hearing on bond issuance

Economics
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Jeff Noel Secretary, Office of the Secretary | Kentucky Cabinet For Economic Development

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Notice has been issued by the Kentucky Economic Development Finance Authority (KEDFA) regarding a public hearing scheduled for February 24, 2025. The hearing will discuss the proposed issuance of Variable Rate Demand Revenue Bonds to benefit Goodwill Industries of Kentucky, Inc., with an aggregate principal amount not exceeding $45 million.

The bonds aim to finance various projects across Kentucky, including donation centers, retail stores, and career centers. Additionally, they will cover costs related to refunding previous bonds and loans used for similar purposes in past years.

The hearing will be held at the Mayo-Underwood Building in Frankfort, Kentucky. Due to limited space, attendees are encouraged to join virtually via a provided video link or teleconference options. Written comments can also be submitted to Katie Smith at KEDFA.

"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 the notice.

Participants can express their views by attending in person, joining remotely through videoconference or teleconference, or submitting written comments before the hearing date.

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