tefra notices

For certain types of private activity bonds, a public hearing (sometimes referred to as a “TEFRA hearing”) is mandated by the IRS to provide a reasonable opportunity for interested individuals to express their views, either orally or in writing, on the issuance of bonds and the nature of the improvements and projects for which the bond funds will be allocated. Please consult your tax lawyer should you have any questions regarding the requirements to satisfy the mandate of Section 147(f) of the Internal Revenue Code of 1986, as amended.

NOTICES OF UPCOMING
PUBLIC HEARINGS

*if no information is listed below, then there are no public hearings currently scheduled.

Wednesday, September 7, 2022 at 9:00 AM MST

Brief Summary:  Notice of Public Hearing to be held by the Arizona Industrial Development Authority regarding the proposed issuance by the Colorado Health Facilities Authority of its revenue bonds, in one or more series, pursuant to a plan of financing in an aggregate principal amount not to exceed $750,000,000 (the “Bonds”).  A portion of the Bonds, up to $389,000,000 in aggregate principal amount, is expected to be used to finance or refinance certain projects located with the state of Arizona (the “Arizona Projects”).  The proceeds of which will be loaned to CommonSpirit Health (the “Borrower”), a Colorado nonprofit corporation, in order to pay all or a portion of the costs to (a) finance, refinance, pay, or reimburse the costs of the Arizona Projects and the other projects described herein.  The Arizona Projects are owned or operated by the Borrower, Dignity Health, Dignity Community Care, Phoenix Children’s Hospital, Inc., and/or their subsidiaries or affiliates and include Chandler Regional Medical Center in Chandler, Arizona and Mercy Gilbert and Phoenix Children’s Hospital in Gilbert, Arizona.  

The projects in Colorado to be financed or refinanced by the Bonds are owned or operated by the Borrower, Catholic Health Initiatives Colorado, Centura Health Corporation, and/or or their subsidiaries or affiliates and include St. Francis Hospital – Interquest, St. Francis Medical Center, and Penrose Hospital, each in Colorado Springs, Colorado, St. Anthony North Health, Westminster, Colorado, St. Anthony Hospital, Lakewood, Colorado and St. Elizabeth Hospital, Fort Morgan, Colorado.  The Nebraska Projects are owned or operated by the Borrower; CHI Nebraska; Good Samaritan Hospital, Kearney, Nebraska; The Physician Network; and/or their subsidiaries or affiliates and include CHI Health Good Samaritan Hospital, Kearney, Nebraska.  The projects in Ohio to be financed or refinanced by the Bonds are owned or operated by CSH, Sylvania Franciscan Health, Trinity Health System, Trinity Hospital Holding Company, Trinity East, Trinity West and/or their subsidiaries or affiliates and include Trinity Medical Center, Steubenville, Ohio.