Dauphin County To Make Another Bond Payment for Harrisburg University

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For the second year in a row, Dauphin County is planning on making a $1.5 million bond debt payment for the Harrisburg University.

As acknowledged by Dauphin County's Chief Clerk Laura Evans, the County recently received notification from the Harrisburg University's bond trustee informing the County that as guarantor of the University's debt, it would have to step up and make the payment. This is based on the Harrisburg University declaring it does not have the funds to make the upcoming March 2013 payment, and as guarantor, the responsibility falls to Dauphin County.

Previously, Dauphin County Gaming funds were used to make the first $1.5 million payment in the spring of 2012.

by Tara Leo Auchey

Photo/Natalie Cake

 
Tags: bond payment, Dauphin County Commissioners, Gaming Grants, George Hartwick, Harrisburg University, Hollywood Casino, Jeff Haste, Mike Pries