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PRIVATE PLACEMENT MEMORANDUM DATED OCTOBER 13, 2022, NEW ISSUE BookEntryOnly On the date of initial delivery of the Bonds (defined below), Bond Counsel (defined on page 2) will render its opinion
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Obtain the necessary form or document for the book-entry-only process from the NYS Comptroller.
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Fill out the form or document accurately and completely, ensuring all required information is provided.
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Submit the completed form or document to the designated department or individual at the NYS Comptroller's office.
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Who needs book-entry-only - nys comptroller?

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Individuals or entities who wish to hold securities in electronic form and keep them in book-entry form rather than physical certificates may need book-entry-only services from the NYS Comptroller.
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Book-entry-only refers to a system of recording ownership of securities where ownership is recorded electronically without physical certificates, making transactions more efficient and secure.
Entities involved in the issuance, transfer, or management of securities or bonds that utilize the book-entry-only system are required to file with the NYS Comptroller.
To fill out a book-entry-only filing, organizations must provide necessary details such as issuer information, security information, and the number of book-entry securities issued, following the prescribed format provided by the NYS Comptroller.
The purpose of book-entry-only is to streamline the process of managing securities, reduce risks associated with physical certificates, and facilitate quicker transactions and transfers of ownership.
Information such as the issuer's name, type of security, unique identification numbers, total principal amount, and the names of the depositories should be reported.
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