59700000 COUNTY of UNION, NEW JERSEY $53960000 General Improvement Bonds of 2020 $1840000 County Vocational-Technical
PRELIMINARY OFFICIAL STATEMENT DATED JUNE 2, 2020 NEW ISSUES RATING: Moody's: "Aaa" SERIAL BONDS In the opinion of Rogut McCarthy LLC, Bond Counsel to the County, assuming compliance by the County with its Tax Certificate described herein, under existing law, interest on the Bonds is excluded from gross income of the owners thereof for Federal income tax purposes pursuant to Section 103 of the Internal Revenue Code of 1986, as amended (the "Code"). In addition, under existing law, interest on the Bonds is not treated as a preference item for purposes of the alternative minimum tax imposed under the Code with respect to individuals. In addition, Bond Counsel is further of the opinion that, under the New Jersey Gross Income Tax Act, as enacted and construed on the date hereof, interest on the Bonds and any gain from the sale of the Bonds are not includable in gross income of the holders thereof. See "TAX MATTERS" herein. not constitute an offer to sell or the the or sell to offer an constitute not shall $59,700,000 COUNTY OF UNION, NEW JERSEY $53,960,000 General Improvement Bonds of 2020 $1,840,000 County Vocational-Technical School Bonds of 2020 al Statement Statement al xchange Commission, and the information contained information the and Commission, xchange (New Jersey School Bond Reserve Act) $3,900,000 County College Bonds of 2020 ication or exemption under the securities laws of any such any of laws securities the under exemption or ication (Book-Entry Only) (Callable) Dated: June 15, 2020 Due: March 1, as shown below The General
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