NOTICE OF PUBLIC
HEARING
Notice is hereby given pursuant to Internal Revenue Code Section 147(f) that on Wednesday, April 20, 2016, a public hearing will be held in the conference room located on second floor at 322 70th Street SE, Charleston, West Virginia, commencing at 12:00 Noon prevailing time, with respect to the proposed issuance by the West Virginia Hospital Finance Authority (the âIssuerã) of its Hospital Revenue Refunding Bonds (West Virginia United Health System Obligated Group) 2016 Series A (the â2016 A Bondsã) in an aggregate principal amount not to exceed $315,000,000, the proceeds of which will be loaned to West Virginia University Hospitals, Inc., a West Virginia nonprofit corporation, as Obligated Group Agent (the âObligated Group Agentã) on behalf of the West Virginia United Health System Obligated Group (the âObligated Groupã) and used by the Obligated Group, together with other available funds, to: (i) advance or currently refund, as applicable, in whole or in part, any or all of its (a) Fixed Rate Hospital Revenue Bonds (West Virginia University Hospitals, Inc.) 2003 Series D, issued in an aggregate principal amount of $45,750,000, (b) Hospital Revenue Bonds (United Hospital Center, Inc. Project) 2006 Series A, issued in an aggregate principal amount of $78,610,000, (c) Hospital Improvement Revenue Bonds (Camden-Clark Memorial Hospital Corporation) 2007 A, issued in an aggregate principal amount of $24,600,000, (d) Hospital Refunding Revenue Bonds (West Virginia United Health System Obligated Group) 2008 Series E, issued in an aggregate principal amount of $35,155,000, and (e) Hospital Revenue Refunding and Improvement Bonds (West Virginia United Health System Obligated Group) 2009 Series C, issued in an aggregate principal amount of $103,405,000; and (ii) pay the costs of issuing the 2016 A Bonds (collectively, the âFinancingã).
All of such uses are permitted by Chapter 16, Article 29A of the Code of West Virginia, 1931, as amended, and the loan agreement to be executed by the Issuer and the Obligated Group Agent.
The 2016 A Bonds 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 any political subdivision thereof. Persons wishing to express their views on the proposed issuance of the 2016 A Bonds may appear at the hearing or may submit their views in writing regarding the proposed issuance of the 2016 A Bonds and the Financing. 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 âRe: West Virginia Hospital Finance Authority’s Hospital Revenue Refunding (West Virginia United Health System Obligated Group), 2016 Series A.ã Written submissions should be mailed in sufficient time to be received before April 20, 2016.
The State of West Virginia acting by and through the West Virginia Hospital Finance Authority, James R. Christie, Chairman.
Apr 6