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This Preliminary Official Statement presents information related to the potential sale of $12,510,000 Waterworks and Sewer System Combination Unlimited Tax and Revenue Bonds for Harris County Municipal Utility District No. 119. It details aspects of the bond issuance, including financial information, tax implications, and descriptions of the bonds and the District\'s authority, as well as risks associated with the bonds and how they are secured.
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A preliminary official statement (POS) is a document that provides information about a municipal bond offering prior to its sale. It includes details on the issuer, the bond's features, and the intended use of the proceeds.
Issuers of municipal securities are required to file a preliminary official statement in connection with the offering of the securities to potential investors.
To fill out a preliminary official statement, the issuer should provide details about the bond, including the purpose of the bonds, estimated interest rates, repayment plans, risk factors, and relevant financial information about the issuer.
The purpose of a preliminary official statement is to provide potential investors with essential information about the bond offering, including financial data, project details, and risks, enabling them to make informed investment decisions.
The preliminary official statement must report information such as details about the bonds, the issuer's financial health, revenue sources, project descriptions, risks, and any legal matters that may affect the issuance.
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