AUSTIN — The $1.3 billion effort to replace Dallas County’s public hospital was able to get off the ground with the use of Build America Bonds, which reduced the debt service burden on county taxpayers.

John Dragovitz, chief financial officer of Parkland Health and Hospital System, told the Bond Buyer’s 14th Annual Texas Public Finance Conference on Monday that officials considered several options for financing the replacement for Parkland Hospital before opting to issue taxable BABs rather than conventional tax-exempt general obligation bonds.

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