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Davidson County adopts resolution approving TEFRA hearing for up to $855 million in tax-exempt bonds to benefit Novant Health
Summary
After a public hearing, commissioners adopted a resolution approving the issuance of not-to-exceed $855,000,000 in tax-exempt bonds by the National Finance Authority to benefit Novant Health and its affiliates; county counsel advised the bonds would not create county debt or repayment obligation.
The Davidson County Board of Commissioners held a TEFRA public hearing April 14 and adopted a resolution approving the issuance of not-to-exceed $855,000,000 in tax-exempt bonds by the National Finance Authority to benefit Novant Health Incorporated and its affiliates.
A representative for the National Finance Authority said the issuance…
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