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SUPPLEMENT dated May 16, 2016, to OFFICIAL STATEMENT relating argyle INDEPENDENT SCHOOL DISTRICT $4,490,000 Unlimited Tax Refunding Bonds Series 2016PLEASE BE ADVISED that the referenced Official
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Unlimited tax refunding bonds are bonds issued by municipalities or other government entities to refinance existing debt, typically at lower interest rates.
Government entities and municipalities are required to file unlimited tax refunding bonds.
Unlimited tax refunding bonds can be filled out by providing information about the current debt being refunded, the new terms of the bond, and any required disclosures.
The purpose of unlimited tax refunding bonds is to save money by lowering interest rates on existing debt.
Information such as the amount of the refunding, the current debt being refunded, the new terms of the bond, and any required disclosures must be reported on unlimited tax refunding bonds.
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