The West Virginia Hospital Finance Authority was created and established by the West Virginia Hospital Finance Authority Act which is codified at Chapter 16, Article 29A of the Code of West Virginia,1931 as amended, (the "Act" ) which was enacted by  the West Virginia  State Legislature  in 1984.  As a seasoned issuer recognized in the national bond markets, the Authority has issued over two billion dollars in bonds for Hospitals and other health care organizations throughout the State of West Virginia. Currently the Hospital Finance Authority has approximately one billion dollars in bonds outstanding. 

The Authority is governed by a seven member Board consisting of the Secretary of the State Department of Health & Human Resources  and the State Treasurer, as members ex-officio. The five remaining members of the Board are  appointed by the Governor, by and with the advice and consent of the State Senate and  serve terms of up to  six years  and must be  citizens of the State.

The Bonds issued through the Authority do not constitute a debt or a  pledge of the faith and credit, or taxing power of the State of West Virginia or of any county,  municipality or any other political subdivision of the State of West Virginia.

MISSION STATEMENT

The sole mission of the Authority is to lower health care cost for the consumer by providing hospitals within the state with  appropriate means at  reasonable cost  to purchase hospital related equipment, to   refinance indebtedness  and to acquire  and construct   hospitals and hospital related facilities.