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.

Monday, August 2, 2021 at 10:00 AM

Brief Summary:  Notice of Public Hearing regarding the proposed issuance by the Arizona Industrial Development Authority in one or more series of its tax-exempt and/or taxable revenue notes, bonds or other obligations, pursuant to a plan of financing in an aggregate principal amount not to exceed $250,000,000, the proceeds of which will be loaned to Phoenix Children’s Hospital, Inc. (the “Corporation”), an Arizona nonprofit corporation and an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended, for the purposes of, among others, financing, including reimburse for, and/or refinancing, costs of the acquisition, improvement, renovation and equipping, including capitalized interest, of hospital and other health care and support facilities owned by the Corporation or Phoenix Children’s Hospital Foundation, an Arizona nonprofit corporation (collectively, the “Project”).  The Project is generally located in Phoenix, Avondale, and Mesa, Arizona.