The Arizona Health Facilities Authority approved the application of Hacienda, Inc. and Los Ninos Hospital to issue $1,020,000 in tax exempt bonds. The purpose of the financing is to provide capital equipment at both Hacienda and Los Ninos. The proceeds of the financing will be privately placed with Bank of America. The anticipated rate is 5.05% under a Master Lease arrangement with a 48 month payment period.

Hacienda, Inc. operates Hacienda de los Angeles, an intermediate care facility for the mentally retarded; Casa por la Montana, a pediatric skilled nursing facility; Casa de Esparanza, a medical group home; Willow and Alameda Group Homes; The Day Treatment and Training Program; and the Early Intervention Program. Los Ninos Hospital is a licensed children's acute and sub-acute hospital.