Legislation Details

File #: 26-2055   
Status: Agenda Ready
File created: 8/6/2026 In control: Clark County Board of Commissioners
On agenda: 8/18/2026 Final action:
Title: Approve, adopt and authorize the Chair to sign a Resolution concerning the financing of hospital projects related to the University Medical Center of Southern Nevada; directing the County Clerk to notify the Clark County Debt Management Commission of a proposal to issue Clark County, Nevada, General Obligation (Limited Tax) Hospital Improvement Bonds (Additionally Secured by Gross Pledged Revenues), in the maximum aggregate principal amount of $45,770,000; providing certain details in connection therewith; and providing the effective date. (For possible action)
Attachments: 1. Staff Report, 2. Hospital Improvement Bonds DMC Notice Resolution

CLARK COUNTY BOARD OF COMMISSIONERS

AGENDA ITEM

 

Petitioner:

Anna Danchik, Comptroller

Recommendation: 

title

Approve, adopt and authorize the Chair to sign a Resolution concerning the financing of hospital projects related to the University Medical Center of Southern Nevada; directing the County Clerk to notify the Clark County Debt Management Commission of a proposal to issue Clark County, Nevada, General Obligation (Limited Tax) Hospital Improvement Bonds (Additionally Secured by Gross Pledged Revenues), in the maximum aggregate principal amount of $45,770,000; providing certain details in connection therewith; and providing the effective date.  (For possible action)

body

 

 

FISCAL IMPACT:

Fund #:

N/A

Fund Name:

N/A

Fund Center:

N/A

Funded PGM/Grant:

N/A

Amount:

N/A

Description:

N/A

Additional Comments:

The general obligation (limited tax) hospital improvement bonds (the Series 2027 Bonds) will be additionally secured by gross pledged revenues of the hospital.N/A

 

BACKGROUND: 

The proceeds will be used for projects related to the enlargement, repair, reconstruction and improvement of the University Medical Center of Southern Nevada.

In order to initiate the process of securing debt financing, the Nevada Revised Statutes requires that the Board request the Debt Management Commission to convene and consider the request to issue general obligation bonds.  The Series 2027 Bonds will be additionally secured with gross pledged revenues of the Hospital.  Following this request, the Debt Management Commission must meet within 30 days to consider this matter.  The resolution also includes a “reimbursement resolution” component, which will allow the County to reimburse itself, from bond proceeds, for expenditures made on these projects prior to the issuance of the bonds.  Eligible expenditures are expenditures that occur 60 days prior or any time after the adoption of the Reimbursement Resolution.