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This document serves as an official statement detailing the issuance of bonds by the City of Jefferson, Iowa, including relevant financial and legal information.
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A statement is a sentence that says something is true, like "Pizza is delicious." There are other kinds of statements in the worlds of the law, banking, and government. All statements claim something or make a point. If you witness an accident, you make a statement to police, describing what you saw.
Statements are the most common kind of sentences. They tell the reader something like a fact or an idea about a single topic.
It is true that bananas have no bones, and I do like bananas, but I like bananas because they are tasty and healthy, not because they have no bones. I would thus say something false if I said “I like bananas because they have no bones.” That's why “I like bananas because they have no bones” is a statement.
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An Official Statement is a document prepared by issuers of municipal securities that provides detailed information about a bond offering and the issuer's financial condition.
Issuers of municipal securities, such as state and local government entities, are required to file an Official Statement when they offer bonds for sale to the public.
To fill out an Official Statement, issuers must provide accurate and comprehensive information regarding the bond issue, including financial data, project descriptions, and risks associated with the investment.
The purpose of an Official Statement is to provide potential investors with important information to make informed decisions about investing in the bonds.
The Official Statement must report information such as the issuer's financial status, the purpose of the bond issuance, the tax implications, credit ratings, and any risks related to the investment.
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