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This Official Statement provides detailed information regarding the issuance of $10,885,000 Unlimited Tax Bonds by the Tomball Business Improvement District No. 1. It includes the opinion of bond counsel, financial details, and descriptions of related projects and bonds. The funds raised will be used primarily for water, wastewater, and drainage facilities in the District.
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What is official statement?
An official statement is a document that provides information about a government or municipal bond offering and is intended for potential investors.
Who is required to file official statement?
Issuers of municipal securities are required to file an official statement when they sell bonds to the public.
How to fill out official statement?
To fill out an official statement, issuers must provide detailed information about the bond offering, including the purpose of the bonds, financial information about the issuer, and any risks involved.
What is the purpose of official statement?
The purpose of an official statement is to disclose critical information to investors about the bond offering to help them make informed investment decisions.
What information must be reported on official statement?
Information required includes the issuer's financial condition, use of proceeds, payment terms, and any relevant economic factors that may affect the bonds.
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