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Heritage Valley seeks county sign‑off on $35 million bond refinancing
Summary
Representatives for Heritage Valley Health System asked Beaver County commissioners to approve a local sign-off required under federal tax rules so Allegheny CountyHospital Development Authority can issue roughly $35 million in tax‑exempt bonds to fund capital projects across the health system, including facilities in Beaver County.
Representatives for Heritage Valley Health System told Beaver County commissioners on Wednesday that they are seeking local approval required under federal tax rules so an authority can issue tax‑exempt bonds to finance capital work across the system, including facilities in Beaver County.
The request was presented by Ken Lettigare, who said the bonds would be issued "for the benefit of Heritage Valley Health System" and are being arranged through the Allegheny County Hospital Development Authority. "They're financing capital improvements with…
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