Notice is hereby given by the Charleston Regional Aviation Authority (the “Authority”), the governing body of the Charleston Regional Airport District (the “District”), to all interested persons that a public hearing will be held regarding the proposed plan of finance by the District to issue an Airport Revenue Tax-Exempt Promissory Note, Series 2026 (Subordinate Obligation) (the “Note”). The plan of finance includes the issuance of the Note as a revolving line of credit promissory note in the maximum principal amount of $150,000,000 for the purpose of financing an airport project (the “Project”) under Section 142(a)(1) of the Internal Revenue Code of 1986, as amended (the “Code”). The Note is intended to be issued as a governmental purpose and qualified exempt facility bond for an airport under Sections 103 and 142(a)(1) of the Code.
The Project will be located at the Charleston International Airport, 5500 International Blvd., Charleston, South Carolina 29418-6911. The Project will be owned by the District.
Pursuant to IRS Revenue Procedure 2022-20 allowing remote telephonic hearings to qualify as “public hearings” required for private activity bonds under Section 147(f) of the Code, the public hearing will be conducted telephonically on Monday, August 10, 2026, at 10:00 a.m. Eastern time, and the public will not be able to attend in person. However, all persons who wish to speak (subject to the conditions provided in the next sentence) or listen to the public hearing may join by calling toll-free at 1 (470) 250-9358 and using access code 860 9515 6986#. All persons who intend to express their views for or against the proposed issuance of the Note, the nature of the financing, or the approval of the issuance of the Note must contact the Authority, not less than 24 hours prior to the public hearing, via email to [email protected] to inform the Authority of your intent to do so. Those who participate in the public hearing will be permitted to address the Authority regarding the financing, the Project or the Note. Members of the public may also submit written statements in advance of the public hearing to Brandy James c/o Samantha Iorio, Charleston Regional Aviation Authority, 5500 International Drive, Suite 101, Charleston, South Carolina 29418 or [email protected]. Written comments must be received by the Authority on or before 10:00 a.m., August 10, 2026, the date of the public hearing, in order to be considered.
Charleston Regional Aviation Authority
