Public Hearing Notice (UT System)
NOTICE IS HEREBY GIVEN that a designated hearing officer of The University of Texas System (the “System”) will hold a public hearing on July 29, 2024, at 8:00 a.m., at the following location:
The University of Texas System
Conference Room 1.104, 1st Floor
210 West 7th Street
Austin, TX 78701
The hearing will concern the issuance by the Board of Regents of The University of Texas System (the “Board”) of one or more series of obligations, pursuant to a plan of finance, including commercial paper notes, in an aggregate amount of not more than $500,000,000 (collectively, the “Obligations”) as part of a plan to finance The University of Texas Southwestern Medical Center’s share of the costs of acquisition, construction, improvement and equipment of a new pediatric health care campus expected to be comprised of approximately 4.2 million square feet, including an estimated 552 operational beds upon opening, outpatient clinics, a faculty and administrative office building, a thermal energy plant, a bridge to Clements University Hospital and related parking (collectively, the “Project”) to be jointly owned and operated with Children’s Health System of Texas, a charitable, not-for-profit organization. The Project is located at the southeast quadrant of Harry Hines Boulevard and Mockingbird Lane, Dallas, Dallas County, Texas, 75235, and will include portions of multiple street addresses, including 6300 Harry Hines Boulevard, 6400 Harry Hines Boulevard, 2122 W Mockingbird Lane, 6222 Forest Park Road, 6303 Forest Park Road, 6500 Forest Park Road, and 6401 Maple Avenue.
The Project’s approximate boundaries are as follows: Mockingbird Lane to the north, Forest Park Road to the east*, Paul Bass Way to the south, and Harry Hines Boulevard to the west. (*The eastern area of the Project includes portions of the northeast quadrant of Forest Park Road and Bomar Avenue, and these street addresses are included above.)
The Obligations will be payable from and secured by the Board’s pledged revenues under the terms of its revenue financing system resolutions. The Board has no taxing power, and neither the full faith and credit nor the taxing power of the State of Texas or any agency or political subdivision thereof will be pledged as security for the Obligations. The owners of the Obligations will never have the right to demand payment from any source other than the Board’s pledged revenues.
All interested persons are invited to attend such public hearing to express their views with respect to the Project and the proposed issuance of the Obligations. Questions or requests for additional information may be directed to Terry Hull, Associate Vice Chancellor for Finance, 210 W. 7th Street, Austin, Texas 78701 or emailed to thull@utsystem.edu.
Persons who plan to attend are encouraged, in advance of the public hearing, to inform the System either in writing or by telephone at 512-499-4494. Any interested persons unable to attend the hearing may submit their views in writing to the System prior to the date scheduled for the hearing.
This notice is published and the above-described hearing is to be held in satisfaction of the requirements of section 147(f) of the Internal Revenue Code of 1986, as amended, regarding the public hearing prerequisite to the exclusion from gross income for federal income tax purposes of the interest on the Obligations.
