$1,936,855,000
NEW ISSUE – BOOK ENTRY ONLY RATINGS: See “RATINGS” herein The delivery of the 2008 Bonds is subject to the opinions of Katten Muchin Rosenman LLP, Burke Burns & Pinelli, Ltd. and Gonzalez, Saggio and Harlan, L.L.C., Co-Bond Counsel, as to the validity of the 2008 Bonds. See “LEGAL MATTERS” herein. Interest on the 2008 Bonds is not excludable from gross income for federal income tax purposes. Interest on the 2008 Bonds is not exempt from present Illinois income taxes. $1,936,855,000 CHICAGO TRANSIT AUTHORITY $1,297,175,000 $639,680,000 Sales and Transfer Tax Receipts Revenue Sales and Transfer Tax Receipts Revenue Bonds, Taxable Series 2008A Bonds, Taxable Series 2008B (Pension Funding) (Retiree Health Care Funding) Dated: Date of Issuance Due: December 1, as shown on the inside cover The Sales and Transfer Tax Receipts Revenue Bonds, Taxable Series 2008A (Pension Funding) (the “2008A Bonds”) of the Chicago Transit Authority (the “Authority”), are being issued pursuant to the Trust Indenture dated as of July 1, 2008 (the “Master Indenture”) between the Authority and U.S. Bank National Association, as trustee (the “Trustee”), as supplemented by a First Supplemental Indenture dated as of July 1, 2008 between the Authority and the Trustee (the “First Supplemental Indenture”). The Sales and Transfer Tax Receipts Revenue Bonds, Taxable Series 2008B (Retiree Health Care Funding) (the “2008B Bonds” and, together with the 2008A Bonds, the “2008 Bonds”) of the Authority, are being issued pursuant to the Master Indenture, as supplemented by a Second Supplemental Indenture dated as of July 1, 2008 between the Authority and the Trustee (the “Second Supplemental Indenture” and, together with the First Supplemental Indenture, the “2008 Supplemental Indentures”).
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