Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Portsmouth EDA approves tax‑exempt bonds to finance Bon Secours Mercy Health projects including Maryview
Summary
After a TEFRA hearing, the Portsmouth Economic Development Authority voted 6‑0 to approve a resolution authorizing conduit revenue bonds to reimburse past capital spending, refund prior debt and fund upcoming capital projects for Bon Secours Mercy Health; about $30 million was allocated to Maryview Hospital.
The Portsmouth Economic Development Authority on Jan. 21 held a public TEFRA hearing and approved a resolution authorizing the issuance of tax‑exempt conduit revenue bonds to benefit Bon Secours Mercy Health, including about $30 million allocated to Maryview Hospital in Portsmouth.
Bond counsel Erin Sutton of Dinsmore & Shohl told the authority the bond proceeds will be used to refund some prior outstanding debt, reimburse the hospital for prior capital expenditures and fund other planned capital projects. “As conduit revenue bonds, the debt service on the bonds is…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
