PASSED

The enacted bill declares that it is desirable for Philadelphia’s Hospitals and Higher Education Facilities Authority to issue up to $300 million in hospital revenue bonds for Temple University Health System entities. The financing may support an ambulatory health care building, renovations and equipment, refinancing existing bonds, reserve funds, interest, and bond-issuance costs for Temple hospitals and physician offices.

Declaring it is desirable for the health, safety and welfare of the people of the area served by Temple University Hospital, Inc., Temple University Children's Medical Center, Inc., Jeanes Hospital, Temple East, Inc. and Temple Physicians, Inc. (collectively, the "Temple Entities") for The Hospitals and Higher Education Facilities Authority of Philadelphia to undertake certain projects for the Temple Entities, each of which are nonprofit corporations organized under the laws of the Commonwealth of Pennsylvania.