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Legislation Details
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On agenda:
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5/19/2026
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Final action:
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Title:
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Conduct a public hearing and approve, adopt and authorize the Chair to sign a resolution approving the issuance, solely for purposes of Section 147(f) of the Internal Revenue Code of 1986, as amended, by the Colorado Health Facilities Authority, in one or more series, of tax-exempt 501(c)(3) Revenue Bonds (Intermountain Health) in an amount not to exceed $864,000,000 with respect to health care facilities located in Clark County, Nevada in order to (a) finance, refinance, or reimburse the costs of acquiring, constructing, renovating and equipping certain health care facilities, (b) provide one or more debt service reserve funds for the benefit of all or a portion of the Bonds, (c) pay a portion of the interest to accrue on the Bonds, (d) pay certain working capital expenditures, and (e) pay certain costs of issuance of the Bonds. (For possible action)
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CLARK COUNTY BOARD OF COMMISSIONERS
AGENDA ITEM
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Petitioner: |
Anna Danchik, Comptroller |
Recommendation:
title
Conduct a public hearing and approve, adopt and authorize the Chair to sign a resolution approving the issuance, solely for purposes of Section 147(f) of the Internal Revenue Code of 1986, as amended, by the Colorado Health Facilities Authority, in one or more series, of tax-exempt 501(c)(3) Revenue Bonds (Intermountain Health) in an amount not to exceed $864,000,000 with respect to health care facilities located in Clark County, Nevada in order to (a) finance, refinance, or reimburse the costs of acquiring, constructing, renovating and equipping certain health care facilities, (b) provide one or more debt service reserve funds for the benefit of all or a portion of the Bonds, (c) pay a portion of the interest to accrue on the Bonds, (d) pay certain working capital expenditures, and (e) pay certain costs of issuance of the Bonds. (For possible action)
body
FISCAL IMPACT:
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Fund #: |
N/A |
Fund Name: |
N/A |
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Fund Center: |
N/A |
Funded PGM/Grant: |
N/A |
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Amount: |
N/A |
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Description: |
N/A |
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Additional Comments: |
No fiscal impact. The bonds are not a financial responsibility of the County. |
BACKGROUND:
Pursuant to Section 147(f) of the Internal Revenue Code, prior to their issuance, the bonds are required to be approved by the “applicable elected representative” of the governmental unit having jurisdiction over the area in which the project is located, after a public hearing is held following reasonable public notice. Consequently, approval of the Board is needed to meet the requirements of Section 147(f).
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