This board is the governing body of HFACC, which is a Hospital Facility Authority authorized pursuant to ORS 441. The HFACC board is authorized to review and decide, among other duties, the appropriateness of issuing revenue bonds as a conduit financing for construction and expansion of hospital facilities and other health-services and elderly care facilities. The board hears requests from operators of such facilities and decides whether to allow access through the Authority to bond financing for which the interest is tax exempt to bond purchasers. Duties include reviewing and understanding complex bond financing options, for which a measure of general or professional knowledge of revenue bonds, health care services, and/or long-term care facilities will be required. Additional duties include evaluating the appropriateness and cost of the financings, the ability of the requesting operator of such facilities to pay off the requested debt, and the options for the structure and terms of the bond issues. Meetings of the HFACC will be held at least quarterly and more often as the requests for consideration are received.
This committee meets on an as-needed basis. Please contact Elizabeth Comfort at 503-742-5405 or firstname.lastname@example.org to learn more.