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This is a Preliminary Official Statement, complete except the specific information permitted to be omitted by Rule 15c212 of the Securities and Exchange Commission. The Township has authorized distribution
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Anyone who is involved in a project, proposal, or financial transaction that requires disclosure of relevant information may need a full preliminary official statement. This could include individuals or organizations seeking funding, government agencies overseeing projects, financial institutions, or investors. It is important to consult the specific regulations or guidelines related to the project or transaction to determine if a full preliminary official statement is necessary.
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A full preliminary official statement (FPOS) is a comprehensive document providing details about a municipal bond offering, including financial information and the terms of the bond sale.
Municipal issuers and underwriters of municipal bonds are required to file a full preliminary official statement prior to the sale of the bonds.
To fill out a full preliminary official statement, one must gather the required financial data, descriptions of the bonds, legal opinions, and other pertinent information that accurately reflects the bond issuance and then compile this into a standardized format.
The purpose of a full preliminary official statement is to provide potential investors with detailed information about the bond offering to help them make informed investment decisions.
The information that must be reported includes the issuer's financial condition, project descriptions, bond terms, risks involved, use of proceeds, and legal and tax information.
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