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Novant Health requests county TEFRA public hearing on up to $855 million in tax‑exempt bonds
Summary
A Novant Health representative told the Forsyth County Board on April 21 that the National Finance Authority and Novant request a TEFRA public hearing and board approval in principle for up to $855 million in health‑care facility revenue and refunding bonds; counsel emphasized the bonds would not be county obligations.
At an April 21 briefing Charles Boyer, representing Novant Health and bond counsel, asked the Forsyth County Board of Commissioners to hold a public hearing and approve in principle the issuance of tax‑exempt health‑care facility revenue and refunding bonds of up to $855 million to benefit Novant Health.
What was presented Boyer said the National Finance Authority will act as issuer and Novant and its affiliates are the borrowing entities. The request is a TEFRA (federal tax) public…
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