By Phil Reynolds
The Highlander
Llano County Commissioners approved a $12.8 million bond issue Monday, June 27, but the bonds won’t cost taxpayers a nickel.
That’s because the bonds are actually being issued by a private company, not by the county. But the money will be used to add to health care facilities in Llano and Gillespie counties, so by law the company must get approval from commissioners in both counties before the bonds can be sold.
Crawford Health Facilities Development Corp., of Crawford, Texas, will add to two senior care facilities in Llano County and one near Fredericksburg, said Chris Sayers, representing the company.
“There is no liability whatsoever to the county,” Sayers said. He said the bonds are classed as “taxable” because income from the bonds is subject to income tax.
