SAN FRANCISCO - Hospitals find it too expensive and time-consuming to use the California Health Facilities Financing Authority as a conduit bond issuer, and the CHFFA is unlikely to do much new business unless that changes, according to a report commissioned by the authority.

Sjoberg Evashenk Consulting delivered the report to the CHFFA at its February meeting, and the CHFFA board is scheduled to hear public comment on the report Thursday.

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