DALLAS - The Little Rock Board of Directors has established a public facilities board with authority to issue up to $20 million of revenue bonds to finance facilities for an international hunger-relief agency based in the city.

Heifer International will use bond proceeds to refinance $7.5 million remaining on a $19.5 million loan on its headquarters near the Clinton Presidential Center in downtown Little Rock. Remaining proceeds could be used to complete unfinished offices at the headquarters, and to complete financing for a $13.5 million addition to the complex.

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