NOTICE OF PUBLIC HEARING – TEFRA Notice, WV Hospital Finance Authority/Marietta Memorial Hospital of Tyler County, Inc., September 30, 2025
MEETING NOTICE – West Virginia Hospital Finance Authority, Special Board Meeting, September 30, 2025
NOTICE OF PUBLIC HEARING
Notice is hereby given that a public hearing will be held by the West Virginia Hospital Finance Authority (the “Authority”), a public body corporate and a governmental instrumentality of the State of West Virginia (the “State”) created and existing under the Constitution and the laws of the State with the powers, among others, set forth in the West Virginia Hospital Finance Authority Act, constituting Article 29A of Chapter 16 of the Code of West Virginia, 1931, as amended (the “Act”), on behalf of itself and on behalf of the Governor of the State of West Virginia, on Tuesday, September 30, 2025 at 12:00 p.m. Eastern time in Conference Room 4Q at the law offices of Bowles Rice LLP, 600 Quarrier Street, Charleston, West Virginia, and telephonically at Toll Free dial in number 888-475-4499, Meeting ID 883 6316 2838, Password 108162, pursuant to Internal Revenue Procedure 2022-20, with respect to the proposed issuance by the Authority of the Authority’s revenue bonds (the “Bonds”) in one or more series in the maximum aggregate principal amount of $23,500,000, the proceeds of which will be loaned by the Authority to Marietta Memorial Hospital of Tyler County, Inc. (the “Borrower”), a West Virginia nonprofit corporation and an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Code”), for the purpose of financing the acquisition, construction, improvement or equipping of healthcare, hospital, and other related facilities pursuant to the Act. The proceeds of the Bonds are expected to be applied by the Borrower to financing, including through reimbursement, (i) the construction of an approximately 39,127 square foot new hospital to be located at 314 S. Wells Street, Sistersville, WV 26175 (the “Project”) and (ii) paying costs of issuing the Bonds. The Bonds will be qualified 501(c)(3) bonds, as defined in Section 145 of the Code.
It is expected that the Borrower will be the initial owner and the principal user of the Project.
The BONDS will be special obligations of the Authority. THE BONDS WILL NOT CONSTITUTE A DEBT OR A PLEDGE OF THE FAITH AND CREDIT OR TAXING POWER OF THE STATE OR OF ANY COUNTY, MUNICIPALITY, OR ANY OTHER POLITICAL SUBDIVISION OF THE STATE. THE AUTHORITY HAS NO TAXING POWER.
Interested persons are invited to attend this public hearing and will be given an opportunity to express their views concerning the proposed issuance of the Bonds by the Authority and the Project to be financed thereby. Written comments may also be given by submitting them prior to the public hearing to the Secretary-Treasurer of the West Virginia Hospital Finance Authority at The Albert T. Summers Building, 1124 Smith Street, Box 2B, Charleston, West Virginia 25301, and clearly marked “Re: West Virginia Hospital Finance Authority Revenue Bonds (Sistersville General Hospital) Series 2025.” This notice is given pursuant to Section 147(f) of the Code.
/s/ Bryan Archer
Secretary-Treasurer, West Virginia Hospital Finance Authority
MEETING NOTICE
WEST VIRGINIA HOSPITAL FINANCE AUTHORITY
SPECIAL BOARD MEETING
SEPTEMBER 30, 2025
12:00 NOON
Notice is hereby given that the West Virginia Hospital Finance Board of the West Virginia Hospital Finance Authority (the “Authority”) will conduct a special meeting on Tuesday, September 30, 2025, at 12:00 noon in Conference Room 4Q at the law offices of Bowles Rice LLP, 600 Quarrier Street, Charleston, West Virginia. Members of the public may join the meeting in person by attending at the time and place noted above or by teleconference, Toll Free dial in number 888-475-4499, Meeting ID 883 6316 2838, Password 108162.
The purposes for which this meeting is being held and the agenda for the meeting will include the following items:
- Call to Order.
- Reading and Approval of Minutes of prior meeting(s).
- The Board of the Authority will conduct a TEFRA Hearing pursuant to Section 147(f) of the Internal Revenue Code of 1986, as amended (the “Code”), regarding the proposed issuance by the Authority of its Hospital Revenue Bond (Sistersville General Hospital Project), in an aggregate principal amount not to exceed $25,000,000 (the “Bond”), the proceeds of which Bond will be loaned to Marietta Memorial Hospital of Tyler County, Inc., a West Virginia nonprofit corporation and an organization described in Section 501(c)(3) of the Code doing business as Sistersville General Hospital, to provide funds for the purposes of (a) financing, including through reimbursement, costs of the construction, furnishing and equipping of an approximately 39,127 square foot new hospital to be located at 314 S. Wells Street, Sistersville, West Virginia 26175, and (ii) paying costs of issuing the Bond.
- Following the public hearing, the Board will then consider and act upon a Resolution approving the issuance of the Bond for the purposes set forth in paragraph 3 above.
- Discussion of and possible action on budgetary matters.
- Discussion of possible upcoming bond issues of the Authority.