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This Preliminary Official Statement provides information regarding the issuance of $28,720,000 Bond Anticipation Notes by the Lancaster Central School District in Erie County, New York, including details about the bond terms, tax exemption status, and the financial condition of the District.
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01
Gather necessary personal and financial information.
02
Obtain the official template for the preliminary official statement.
03
Fill in the identifying information, such as the issuer's name and type of securities.
04
Provide a summary of the financial condition, including revenue sources and expenditures.
05
Include any relevant legal disclosures or pending litigation information.
06
Attach supporting documents, such as financial statements or credit ratings.
07
Review the completed statement for accuracy and completeness.
08
Submit the preliminary official statement to the appropriate regulatory body.

Who needs preliminary official statement?

01
Municipalities issuing bonds requires a preliminary official statement.
02
Issuers seeking to provide information to potential investors.
03
Underwriters involved in the bond issuance process.
04
Financial advisors assisting in the preparation of bond offerings.
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A preliminary official statement (POS) is a document used in the municipal securities market to provide potential investors with information about a new issue of municipal bonds before the final official statement is issued.
Issuers of municipal securities, typically state and local governments, are required to file a preliminary official statement when offering new bonds to investors.
To fill out a preliminary official statement, issuers must include pertinent information about the offering, such as financial data, risk factors, use of proceeds, and details about the issuer's creditworthiness. It should be formatted clearly and comply with relevant regulations.
The purpose of a preliminary official statement is to inform potential investors about the terms of the bond offering and provide essential information necessary for making an investment decision.
The preliminary official statement must report information including the issuer's financial condition, details of the bond issue, project descriptions, tax implications, and any legal or regulatory issues that might affect the offering.
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Lancaster Central School District bond anticipation notes official statement tax exemption general obligations New York school district financial disclosure state aid real property taxes municipal bonds

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