BRADENTON, Fla. - A Kentucky lawmaker said he will raise questions today about whether a lease transaction to finance the purchase of a hospital exposed a flagship state university to risks posed by an underlying swap and letter of credit.

The issue involves potential risks to which the University of Kentucky may have become exposed when it entered a $35 million, 20-year lease deal with the Kentucky Association of Counties. The situation will be discussed at the state Capital Projects and Bond Oversight Committee meeting today.

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