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This Preliminary Official Statement details the 2024 Freedom Area School District Bonds, totaling $14.5 million, for school building and facility improvements. Sale set for June 17, 2024.
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A preliminary official statement (POS) is a document provided by issuers of municipal securities that includes detailed information about the bond offering, allowing potential investors to evaluate the offering before it is finalized.
Municipal issuers or their designated representatives, such as underwriters, are required to file the preliminary official statement when they are seeking to sell municipal securities to the public.
To fill out a preliminary official statement, issuers must provide accurate and complete information about the bond offering, including details on the issuer, the purpose of the bonds, financial information, and any pertinent risks. It is typically completed with input from financial advisors and legal counsel.
The purpose of a preliminary official statement is to inform potential investors about the details of a bond offering, including financial, operational, and risk-related information, enabling them to make informed investment decisions.
The preliminary official statement must report information such as the bond purpose, terms of the offering, financial statements, debt structure, credit ratings, and risks associated with the bonds.
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