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NOTICE OF ADVANCE REFUNDING AND DESIGNATION OF CERTAIN BONDS FOR PRIOR REDEMPTION METROPOLITAN TRANSPORTATION AUTHORITY TRANSPORTATION REVENUE BONDS Series, maturity, or portion thereof, redemption
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How to fill out notice of advance refunding

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How to fill out notice of advance refunding:

01
Obtain the notice of advance refunding form from the relevant authority or organization. This form typically includes fields to input your personal information, such as name, address, and contact details.
02
Fill out the section that requires information about the original bond issue or debt being refunded. Provide details such as the bond or debt name, issue date, maturity date, and principal amount. If there are multiple bonds or debts being refunded, ensure to list them all accurately.
03
In the next section, provide information about the new bond issue or debt being issued in the refunding process. Input the new bond or debt name, issue date, maturity date, and principal amount. Clearly indicate the purpose of the new bond or debt, whether it is for refinancing, restructuring, or any other specific reason.
04
If there are any other details required by the form, such as interest rates, coupon payment schedules, or any special provisions, make sure to fill them out accurately and completely. These details may vary depending on the specific notice of advance refunding form you are using.
05
Double-check all the information you have entered on the form to ensure accuracy and completeness. Any errors or missing information may delay the refunding process or result in the form being rejected.

Who needs notice of advance refunding?

01
State and local government agencies: When a government agency plans to refund a bond or debt issue to achieve cost savings or to restructure their debt, they typically need to file a notice of advance refunding.
02
Municipalities or public corporations: Similar to government agencies, municipalities and public corporations may need to submit a notice of advance refunding when they intend to refund bonds or debts to lower borrowing costs or meet other financial objectives.
03
Non-profit organizations: Depending on the specific regulations governing their debt and financing arrangements, non-profit organizations may also require a notice of advance refunding when refunding bonds or debts.
It is important to note that the specific requirements and regulations regarding the notice of advance refunding may vary across jurisdictions and organizations. Therefore, it is essential to consult with legal and financial advisors or the relevant authorities to ensure compliance with all necessary regulations and procedures.
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The notice of advance refunding is a disclosure required to be filed by issuers of municipal bonds when refunding outstanding debt prior to the first call date.
Issuers of municipal bonds are required to file notice of advance refunding.
The notice of advance refunding can be filled out by providing all relevant information about the refunding transaction, including details about the refunded bonds and the new bonds.
The purpose of the notice of advance refunding is to provide transparency to investors and regulators about the refunding transaction.
Information such as the issuer's name, CUSIP numbers of the refunded bonds, the principal amount of the refunded bonds, and the principal amount of the new bonds must be reported on the notice of advance refunding.
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