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This document serves as a Preliminary Official Statement regarding the issuance of $15,500,000 Unlimited Tax Road Bonds by Fort Bend County Municipal Utility District No. 134C. It outlines the financial obligations of the District, the purpose of the bonds, relevant legal considerations, and includes comprehensive financial data, detailed descriptions of the District\'s assets, liabilities, and overall financial position as of May 31, 2015.
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A preliminary official statement (POS) is a document that provides essential information about a municipal bond offering, intended for prospective investors. It typically includes details about the issuer, the terms of the bond, and other relevant financial information, but is not the final offering statement.
Issuers of municipal bonds are required to file a preliminary official statement. This typically includes state and local government entities, as well as authorities issuing bonds for public purposes.
To fill out a preliminary official statement, issuers must gather pertinent information regarding the bond offering, including descriptions of the bonds, financial statements, and material risks. This information must be organized and presented clearly, typically in a standard format, to ensure that it complies with regulatory requirements.
The purpose of a preliminary official statement is to inform potential investors about the details of a municipal bond offering, enabling them to assess the investment's risks and merits before purchasing. It helps maintain transparency and compliance with federal and state securities laws.
A preliminary official statement must report various information including the description of the bonds, the purpose of the bond issue, financial statements of the issuer, details about the security for the bonds, tax information, risk factors, and any other material information that investors would need to make informed decisions.
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