Online Data Services Help

Administrative Law

Meeting Notice Detail

Back to Meeting Notices

Hospital Finance Authority
Hospital Finance Authority
Date/Time: 2/6/2020 -- 1:00 PM
Location:
322 70th Street SE
State Treasurer's 2nd  conference room
Charleston, WV 25304
Purpose: NOTICE OF PUBLIC HEARING

Notice is hereby given pursuant to Section 147(f) of the Internal Revenue Code of 1986, as amended (the Code), that on Thursday, February 6, 2020, at 1:00 p.m., local time, a public hearing will be held in the conference room located on the second floor at 322 70th Street SE, Charleston, West Virginia, with respect to the proposed tax-exempt financing in the form of a lease from Banc of America Public Capital Corp. (BAPCC) to the West Virginia Hospital Finance Authority (the Issuer) of one (1) medically configured Airbus EC 145 helicopter, together with two (2) TurboMecca model Arriel 1E2 engines, rotor blade and related equipment and accessories (the Helicopter), and professional fees related thereto, to be hangared at Raleigh County Memorial Airport, 176 Airport Road, Beaver, West Virginia 25813 and primarily used by Charleston Area Medical Center, Inc., 501 Morris Street, Charleston, West Virginia 25301, to be subleased to HealthNet Aeromedical Services, Inc., a West Virginia not-for-profit corporation (HealthNet). The aggregate principal amount of the aforesaid lease shall not exceed $10,000,000.

The nominal owner of the Helicopter to be financed through the aforesaid lease shall be BAPCC. HealthNet will be the de facto owner of the Helicopter.

The aforesaid financing is permitted by the Issuers enabling legislation including the lease and sublease agreement to be executed by BAPCC, the Issuer and HealthNet.

The lease obligations of the Issuer will be special obligations of the Issuer and will not constitute a debt or a pledge of the faith and credit of the Issuer or a pledge of the faith and credit or taxing power of the State of West Virginia or of any county, municipality or any other political subdivision thereof. Persons wishing to express their view on the proposed financing may appear at the hearing or may submit their views in writing. Any written submissions should be sent to the West Virginia Hospital Finance Authority, 322 70th Street SE, Charleston, West Virginia 25304, Attention: Chairman, and clearly marked Re: West Virginia Hospital Finance Authority Lease (HealthNet Aeromedical Services, Inc.). Written submissions should be mailed in sufficient time to be received before February 6, 2020.

West Virginia Hospital Finance Authority, James R. Christie, Chairman.

Notes:
Meeting was approved : 1/29/2020 2:09:39 PM

Back to Meeting Notices

Tuesday, February 18, 2020 — 2:19 PM