FINANCIAL_SERVICESONGOING

Ongoing Healthcare Sales Tax Agreement With Hospital

Smith County continues its financial arrangement with Smith County Memorial Hospital, using healthcare sales tax revenue to cover the 2013 bond series payment and remit 60% of remaining revenues monthly to the hospital board. The hospital has requested that, once the bond is retired, an equivalent payment continue to be directed to the board, and has discussed the possibility of early payoff.

Document date · June 21, 2021

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
As of December 14, 2015; ongoing bond series payments
Renewal
Financial agreement established in minutes dated 2015-12-14 governs county payments of the 2013 bond series and monthly remittance of 60% of healthcare sales tax revenues to the hospital board. Upon payoff of the 2013 bond series, the hospital board seeks continuation of payments equal to the former bond installment. Renewal date depends on the bond payoff schedule.
Document type
Minutes
Source document
smith-county-commissioners-meeting-minutes-june-21-2021_f9c.md

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Smith County?

Smith County Memorial Hospital was awarded this financial services contract by Smith County, as recorded on June 21, 2021.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in smith-county-commissioners-meeting-minutes-june-21-2021_f9c.md (Minutes), dated June 21, 2021 from Smith County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Smith County Memorial Hospital hold?

Smith County Memorial Hospital may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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