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Commissioners approve trustees and public sign-off for Nebraska Methodist's revenue bonds
Summary
After two public hearings the board approved appointments to Hospital Authority No. 3 and granted public approval under IRS rules for revenue bonds to benefit Nebraska Methodist Health System; bond counsel said the issuances would be conduit financings and not a county obligation.
The Douglas County Board of Commissioners held two public hearings and approved (6-0) the appointment of five trustees to Hospital Authority No. 3 and a related public-approval finding under Section 147(f) of the Internal Revenue Code for proposed revenue bonds to benefit the Nebraska Methodist Health System.
Joel Vandervene, bond counsel with Kutak Rock (identified in the record as QTAC Rock), explained that hospital authorities in Douglas County were created under the Hospital Authorities Act and serve as conduit issuers for tax-exempt health-care bonds. He said hospital authority boards must be residents of the authority's…
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