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This Preliminary Official Statement provides essential information regarding the issuance of Bond Anticipation Notes and Tax Anticipation Notes by the Port Washington Union Free School District, including legal, financial, and procedural details pertaining to the District\'s obligations and the tax-exempt status of the notes.

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What is preliminary official statement?

A preliminary official statement (POS) is a document prepared by or on behalf of an issuer of municipal securities that provides important information about the securities being offered. It serves as an initial disclosure prior to the issuance of final official statements.

Who is required to file preliminary official statement?

Municipal issuers and their designated representatives, such as underwriters or financial advisors, are required to file preliminary official statements when offering municipal securities to potential investors.

How to fill out preliminary official statement?

To fill out a preliminary official statement, one must provide detailed information including the nature of the securities, the financial condition of the issuer, and relevant legal and operational details. It is important to ensure all information is accurate, complete, and complies with regulatory requirements.

What is the purpose of preliminary official statement?

The purpose of a preliminary official statement is to provide potential investors with sufficient information to make informed investment decisions regarding the municipal securities being offered. It acts as a key disclosure tool during the issuance process.

What information must be reported on preliminary official statement?

The preliminary official statement must report details about the issuer, the terms of the securities, financial data, risk factors, legal proceedings, and any other pertinent details that could affect investment decisions.

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