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Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax-Exempt Bonds
Complete if the organization answered "Yes" to Form 990, Part
Ⅵ
, line 24a. Provide descriptions,
explanations, and any additional information in Part
Ⅵ
.
Attach to Form 990.
Go to
www.irs.gov/Form990
for instructions and the latest information.
OMB No. 1545-0047
20
20
Open to Public
Inspection
Name of the organization
THE METHODIST HOSPITAL
Employer identification number
74-1180155
Part
Ⅰ
Bond Issues
(a)
Issuer name
(b)
Issuer EIN
(c)
CUSIP #
(d)
Date issued
(e)
Issue price
(f)
Description of purpose
(g)
Defeased
(h)
On
behalf of
issuer
(i)
Pool
financing
Yes
No
Yes
No
Yes
No
A
HARRIS COUNTY HEALTH FACILITIES DEVELOPMENT CORPORATION
52-1284201
41315RGV0
04-10-2008
350,000,000
REFUNDING BONDS FOR SERIES 2006B ISSUED 5/10/06
X
X
X
B
HARRIS COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORPORATION
76-0337885
414009PV6
08-27-2020
370,000,000
NEW MONEY BONDS FOR FUNDING CAPITAL CONSTRUCTION PROJECTS
X
X
X
C
HARRIS COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORPORATION
76-0337885
414009BS8
06-02-2009
586,480,000
REFUNDING FOR SERIES 2005A ISSUED 1/20/05 & PORTION OF 2008C ISSUED 8/21/08
X
X
X
D
HARRIS COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORPORATION
76-0337885
414009KE9
08-06-2015
308,098,500
NEW MONEY BONDS FOR FUNDING CAPITAL CONSTRUCTION PROJECTS
X
X
X
Part
Ⅱ
Proceeds
A
B
C
D
1
Amount of bonds retired
..................
20,425,000
2
Amount of bonds legally defeased
..............
3
Total proceeds of issue
..................
350,000,000
370,000,000
586,480,000
308,107,608
4
Gross proceeds in reserve funds
.............
5
Capitalized interest from proceeds
.............
6
Proceeds in refunding escrows
...............
7
Issuance costs from proceeds
...............
595,700
1,768,692
8
Credit enhancement from proceeds
.............
9
Working capital expenditures from proceeds
.............
10
Capital expenditures from proceeds
.............
369,404,300
306,338,916
11
Other spent proceeds
.............
350,000,000
586,480,000
12
Other unspent proceeds
.............
13
Year of substantial completion
.............
2021
2018
Yes
No
Yes
No
Yes
No
Yes
No
14
Were the bonds issued as part of a current refunding issue of tax-exempt
bonds (or, if issued prior to 2019, a current refunding issue)?
........
X
X
X
X
15
Were the bonds issued as part of an advance refunding issue of taxable
bonds (or, if issued prior to 2019, an advance refunding issue)?
........
X
X
X
X
16
Has the final allocation of proceeds been made?
..........
X
X
X
X
17
Does the organization maintain adequate books and records to support the final allocation of proceeds?
..................
X
X
X
X
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) 2020
Schedule K (Form 990) 2020
Page
2
Part
Ⅲ
Private Business Use
A
B
C
D
Yes
No
Yes
No
Yes
No
Yes
No
1
Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds?
.............
X
X
X
X
2
Are there any lease arrangements that may result in private business use of bond-financed property?
...............
X
X
X
X
3a
Are there any management or service contracts that may result in private business use of bond-financed property?
.............
X
X
X
X
b
If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property?
X
X
X
X
c
Are there any research agreements that may result in private business use of bond-financed property?
.............
X
X
X
X
d
If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?
X
X
X
X
4
Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government
....
0.600 %
0 %
1.700 %
0 %
5
Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government
.........
0 %
0 %
0 %
0 %
6
Total of lines 4 and 5
.............
0.600 %
0 %
1.700 %
0 %
7
Does the bond issue meet the private security or payment test?
...
X
X
X
X
8a
Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were
issued?
.............
X
X
X
X
b
If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of.
..
c
If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2?
.............
9
Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2?
........
X
X
X
X
Part
Ⅳ
Arbitrage
A
B
C
D
Yes
No
Yes
No
Yes
No
Yes
No
1
Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate?
...
X
X
X
X
2
If "No" to line 1, did the following apply?
....
a
Rebate not due yet?
.......
X
X
X
X
b
Exception to rebate?
........
X
X
X
X
c
No rebate due?
.........
X
X
X
X
If "Yes" to line 2c, provide in Part
Ⅵ
the date the rebate
computation was performed
......
3
Is the bond issue a variable rate issue?
.....
X
X
X
X
Schedule K (Form 990) 2020
Schedule K (Form 990) 2020
Page
3
Part
Ⅳ
Arbitrage
(Continued)
A
B
C
D
Yes
No
Yes
No
Yes
No
Yes
No
4a
Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?
X
X
X
X
b
Name of provider
..........
c
Term of hedge
.........
d
Was the hedge superintegrated?
......
e
Was the hedge terminated?
........
5a
Were gross proceeds invested in a guaranteed investment contract (GIC)?
X
X
X
X
b
Name of provider
..........
c
Term of GIC
.........
d
Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied?
........
6
Were any gross proceeds invested beyond an available temporary period?
X
X
X
X
7
Has the organization established written procedures to monitor the requirements of section 148?
...
X
X
X
X
Part
Ⅴ
Procedures To Undertake Corrective Action
---------------------------------------------------------------------------------------------------------------
A
B
C
D
Yes
No
Yes
No
Yes
No
Yes
No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations?
X
X
X
X
Part
Ⅵ
Supplemental Information.
Provide additional information for responses to questions on Schedule K. (See instructions).
Return Reference
Explanation
SCHEDULE K SUPPLENTAL INFORMATION
SCHEDULE K - PART II, LINE 13 (ISSUES A AND C) ALL OUTSTANDING BONDS OF THE METHODIST HOSPITAL ISSUED PRIOR TO 2015 ARE REFUNDING BONDS. THE METHODIST HOSPITAL ASSUMES THAT LINE 13 DOES NOT ADDRESS REFUNDING BONDS. SCHEDULE K - PART III, LINE 4 (ISSUE C) THE REPORTED PRIVATE USE PERCENTAGE HAS BEEN CALCULATED ON THE PORTION OF THE SERIES 2009C REFUNDING BONDS THAT REFUNDED THE SERIES 2005A BONDS ISSUED IN THE AMOUNT OF $350,000,000. THE REMAINING AMOUNT OF THE SERIES 2009C BONDS THAT REFUNDED BONDS ISSUED PRIOR TO DECEMBER 31, 2002 IN THE AMOUNT OF $236,480,000 WERE EXCLUDED FROM DETERMINING THE REPORTED PRIVATE USE CALCULATION. SCHEDULE K - PART II, LINE 3 (ISSUE D) DIFFERENCES BETWEEN THE ISSUE PRICE (PART I) AND TOTAL PROCEEDS (PART II LINE 3) ARE DUE TO INVESTMENT EARNINGS.
Schedule K (Form 990) 2020
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