Phoenix Union High School District No. 210 of Maricopa County, Arizona Refunding Bonds, Series 2017
PRELIMINARY OFFICIAL STATEMENT DATED MAY 8, 2017 NEW ISSUE – BOOK-ENTRY-ONLY RATINGS: See “RATINGS” herein. In the opinion of Gust Rosenfeld P.L.C., Phoenix, Arizona, Bond Counsel, under existing laws, regulations, rulings and judicial decisions, and assuming continuing compliance with certain restrictions, conditions and requirements by the District, as mentioned under “TAX EXEMPTION” herein, interest income on the Bonds is excluded from gross income for federal income tax purposes. Interest income on the Bonds is not an item of tax preference to be included in computing the alternative minimum tax of individuals or corporations; however, such interest income must be taken into account for federal income tax purposes as an adjustment to alternative minimum taxable income for certain corporations, which income is subject to the federal alternative minimum tax. In the opinion of Bond Counsel, interest income on the Bonds is exempt from Arizona income taxes. See “TAX EXEMPTION,” “ORIGINAL ISSUE DISCOUNT” and “BOND PREMIUM” herein. $26,285,000* PHOENIX UNION HIGH SCHOOL DISTRICT NO. 210 OF MARICOPA COUNTY, ARIZONA REFUNDING BONDS, SERIES 2017 Dated: Date of Initial Authentication and Delivery Due: July 1, as shown on the inside front cover page The Refunding Bonds, Series 2017 (the “Bonds”) of Phoenix Union High School District No. 210 of Maricopa County, Arizona (the “District”), will be issued in the form of fully-registered bonds, registered in the name of Cede & Co., as nominee of The Depository Trust Company, New York, New York (“DTC”). Ownership interests in the Bonds may be purchased in amounts of $5,000 of principal due on a specific maturity date or integral multiples thereof.
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