NOTICE OF PUBLIC HEARING
Notice is hereby given of a Public Hearing by the Centre County Hospital Authority (the "Authority"), on behalf of itself and the County Commissioners (the "Commissioners") of Centre County, Pennsylvania, to be held on September 2, 2026 at 12:00 p.m. at The Penn Stater Hotel & Conference Center, Main Floor, in the Senate Suite, 215 Innovation Blvd., State College, PA 16803. Such hearing will be conducted for the purpose of receiving public comment with respect to the proposed issuance by the Authority in one or more series or tranches of tax-exempt and/or taxable commercial paper revenue notes (the "Notes") to finance a project pursuant to a plan of financing in Centre County on behalf of the Medical Center (hereinafter defined), as follows:
A. Initial Legal Owner or Principal User: Mount Nittany Medical Center (the "Medical Center"), a Pennsylvania nonprofit corporation and an organization described in section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the "Code"), which owns and operates a nonprofit medical center and Mount Nittany Medical Center Health Services, Inc., d/b/a Mount Nittany Physician Group ("Physician Group"), a Pennsylvania nonprofit corporation and an organization described in section 501(c)(3) of the Code.
B. Maximum Stated Principal Amount of Notes: $150,000,000.
C. Description of Project: The Project consists of the issuance of "qualified 501(c)(3) bonds" as defined in Section 145 of the Code, to finance hospital and physician healthcare and related facilities and working capital expenditures.
D. Location of the Project: The respective maximum principal amounts being financed at each Project location is as follows:
1850 East Park Avenue, State College, PA 16803 ($10,000,000)
143 Hospital Drive, State College, PA 16803 ($10,000,000)
155 Wellness Way, State College, PA 16803 ($100,000,000)
164 Greenview Drive, State College, PA 16803 ($10,000,000)
2505 Green Tech Drive, State College, PA 16803 ($10,000,000)
100 Radnor Rd., Suite 101, State College, PA 16801 ($10,000,000)
120 Radnor Rd., Suite 100, State College, PA 16801 ($10,000,000)
1700 Old Gatesburg Road, State College, PA 16803 ($10,000,000)
2121 Old Gatesburg Road, State College, PA 16803 ($10,000,000)
3901 South Atherton Street, State College, PA 16801 ($10,000,000)
987 E Bishop st Bellefonte PA 16823 ($50,000,000)
129 Medical Park Lane, Bellefonte, PA 16823 ($10,000,000)
141 Medical Park Lane, Bellefonte, PA 16823 ($10,000,000)
3631 Penns Valley Road, Spring Mills, PA 16875 ($10,000,000)
1061 North Front Street, Suite 2, Philipsburg, PA 16866 ($10,000,000)
This notice is published and the public hearing is being held by and on behalf of the Authority, as issuer, and Centre County, as required by section 147(f) of the Code and regulations promulgated thereunder.
DEBT FINANCINGS OF THE CENTRE COUNTY HOSPITAL AUTHORITY ARE NOT OBLIGATIONS OF THE COMMONWEALTH OF PENNSYLVANIA, NOR ANY COUNTY, CITY, BOROUGH, TOWNSHIP OR OTHER POLITICAL SUBDIVISION OF THE COMMONWEALTH OF PENNSYLVANIA.
Additional information concerning the above may be obtained from, and any written comments should be addressed to: Thomas S. Schrack, Esquire, Centre County Hospital Authority, c/o McQuaide Blasko, 811 University Drive, State College, Pennsylvania 16801; telephone (814) 235-2222. Written comments must be submitted to the Authority at the above address by the close of business on September 1, 2026. Comments made at the hearing are for the consideration of the Authority and will not bind any legal action to be taken by the Authority.
By: CENTRE COUNTY HOSPITAL AUTHORITY
IPL0368520
Aug 26 2026