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This document is a Preliminary Official Statement for the issuance of $4,980,000 General Obligation Facilities Maintenance Bonds by Independent School District No. 139 to finance various health and safety projects and deferred maintenance. It outlines the security for the bonds, the interest payment schedule, and provides information related to the District\'s financial position. Key provisions include tax obligations, bond redemption options, and legal opinions regarding the bonds.
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What is general obligation facilities maintenance?
General obligation facilities maintenance refers to the upkeep and repair of public facilities funded by general obligation bonds, ensuring these structures remain functional and safe for public use.
Who is required to file general obligation facilities maintenance?
Entities that issue general obligation bonds for the construction or renovation of public facilities are required to file general obligation facilities maintenance.
How to fill out general obligation facilities maintenance?
To fill out general obligation facilities maintenance, entities must provide detailed information about the facilities, maintenance activities, and associated costs, often using a specific form provided by the governing authority.
What is the purpose of general obligation facilities maintenance?
The purpose of general obligation facilities maintenance is to ensure that public facilities are preserved and kept in good condition, thereby protecting public investments and ensuring safety and usability.
What information must be reported on general obligation facilities maintenance?
Entities must report on the types of facilities being maintained, the maintenance activities conducted, expenditures, and the outcomes of these activities.
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