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This Preliminary Official Statement provides essential information regarding the issuance of $8,899,148 in Public Improvement Serial Bonds by the Village of Pelham, Westchester County, New York. It details the bond characteristics, tax implications, maturity schedules, and the obligations of the Village, ensuring compliance with internal and external regulations. The document discusses the financial standing of the Village, including revenues, budgetary procedures, and economic considerations...
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What is preliminary official statement?
A preliminary official statement (POS) is a disclosure document provided by an issuer of municipal securities before a bond offering, which contains important information about the offered securities and the issuer.
Who is required to file preliminary official statement?
Issuers of municipal securities, including state and local governments, are required to file a preliminary official statement.
How to fill out preliminary official statement?
To fill out a preliminary official statement, issuers must accurately complete the required sections, including details about the securities, financial information about the issuer, and any relevant risks associated with the investment.
What is the purpose of preliminary official statement?
The purpose of a preliminary official statement is to provide potential investors with essential information about the securities being offered, enabling informed investment decisions.
What information must be reported on preliminary official statement?
A preliminary official statement must report information such as the terms of the bond offering, the financial condition of the issuer, the purpose of the issuance, and any associated risks.
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