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Oregon Health May 1 bond payments made from debt service reserve fund
By Caroline Salls
Pittsburgh, May 11 – The Oregon Health and Science University Vaccine and Gene Therapy Institute Florida Corp.’s May 1 series 2010 City of Port St. Lucie, Fla., research facilities revenue bonds’ principal and interest payments had to be drawn from a debt service reserve fund because the company failed to make a required loan payment to the trustee, according to a notice released Monday.
Specifically, $2.62 million was withdrawn from the debt service fund on May 1 to pay $1.53 million of interest and $1.09 million of principal on the bonds.
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