| 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 June 12, 2025, a public hearing will be held in Conference Room 4QV at the law offices of Bowles Rice LLP, 600 Quarrier Street, Charleston, WV 25301, and by teleconference, Toll Free dial in number: 888-475-4499, Meeting ID: 852 7864 2199, Password: 779764, commencing at 11:00 a.m., local time, to supplement that certain approval pursuant to Treasury Regulation §1.147(f)-1 by the Governor of the State of West Virginia as the applicable elected official, on October 9, 2023 (the Original TEFRA Approval), pertaining to the proposed issuance by the West Virginia Hospital Finance Authority (the Issuer) of its Hospital Refunding and Improvement Revenue Bonds (Vandalia Health Group) Series 2023B, (the Bonds), in one or more series, and in an original aggregate principal amount not to exceed $420,000,000. The Original TEFRA Approval stated that the proceeds of the Bonds were to be loaned to Charleston Area Medical Center, Inc., a West Virginia nonprofit corporation (CAMC), as group agent (the Group Agent) on behalf of itself and CAMC Foundation, Inc., Monongalia Health System, Inc. (MHS), Monongalia County General Hospital Company (Mon Hospital), Mon Elder Services, Inc., Stonewall Jackson Memorial Hospital Company (Stonewall Hospital), CAMC Greenbrier Valley Medical Center, Inc., and CAMC Plateau Medical Center, Inc. each a West Virginia nonprofit corporation and each a Member of the Group (each, a Member, and together the Group), and used, in part, for the benefit of (a) CAMC for the construction, installation, expansion, renovation, equipping and other improvement of the emergency department of CAMC Teays Valley Hospital located at 1400 Hospital Drive, Hurricane, West Virginia (the Teays Valley Expansion); (b) Stonewall Hospital to finance the construction, installation and equipping of a replacement hospital for Stonewall Hospital located at 220 Staunton Drive, Weston, West Virginia (the Stonewall Hospital Project); and (c) MHS for the acquisition, development, construction, installation and equipping of a community hospital located at 770 Haden Boulevard, Bridgeport, West Virginia (the Harrison Project). Due to circumstances unforeseen at the time of the Original TEFRA Approval, the Group Agent desires to deviate from certain uses of the proceeds of the Bonds that were included in the Original TEFRA Approval. More particularly, none of the proceeds of the Bonds shall be used on the Stonewall Hospital Project. The Group Agent now desires to use such proceeds in the following manners: (a) for the benefit of CAMC, to (i) increase the maximum stated principal amount of proceeds to be used for the Teays Valley Expansion from a maximum stated principal amount of $12,000,000 to a maximum stated principal amount of $45,000,000; (ii) construct, install, expand, renovate, equip and/or otherwise improve a hospital facility located at 1902-1910 Harper Road, Beckley, West Virginia in a maximum stated principal amount not to exceed $10,000,000; and (iii) to construct, install, expand, renovate, equip and/or otherwise improve CAMC Cancer Center and construct an accompanying mobile storage unit located at 3415 MacCorkle Ave SE, Charleston, West Virginia, and to acquire, construct, equip and/or otherwise improve a hospital facility located at 5101 MacCorkle Avenue, SE, Charleston, West Virginia, in a maximum stated principal amount not to exceed $9,000,000; (b) for the benefit of MHS, to increase the maximum stated principal amount of proceeds to be used for the Harrison Project from a maximum stated principal amount of $28,000,000 to a maximum stated principal amount of $29,000,000; and (c) for the benefit of Mon Hospital, to construct, install, expand, renovate, equip and/or otherwise improve an additional hospital facility on its campus located at 1200 J.D. Anderson Drive, Morgantown, West Virginia in a maximum stated principal amount not to exceed $7,000,000. The Bonds are special obligations of the Issuer and pursuant to Chapter 16, Article 29A of the Code of West Virginia, 1931, as amended, do 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 any political subdivision thereof. Persons wishing to express their views on the proposed change of use of the proceeds of the Bonds may appear at the hearing or may submit their views in writing regarding the proposed change of use of the proceeds of the Bonds. Any written submissions should be sent to the West Virginia Hospital Finance Authority, Box 2B, Albert T. Summers Center, 1124 Smith Street, Charleston, WV 25301, Attention: Chairman, and clearly marked Re: West Virginia Hospital Finance Authoritys Hospital Refunding and Improvement Revenue Bonds (Vandalia Health Group) Series 2023B. Written submissions should be mailed in sufficient time to be received before Thursday, June 12, 2025. The State of West Virginia acting by and through the West Virginia Hospital Finance Authority, James R. Christie, Chairman. |