2015-2478 I-Bank Official Statement

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . No broker, dealer, salespersoo or other person has been authorized by the Infrastructure Bank, the Academy Museum Foundation or the Underwriter to give any information or to malce any representations other than those contained in this Official Statement in connection with the offering made hereby and, if given or made, such information or representations must not be relied upon as having been authorized by any of the foregoing. This Official Statement does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the 2015 Bonds, in any jurisdiction to any person to whom it is unlawful to make such offer, solicitation or sale. This Official Statement is not to be construed as a contract with the purchasers of the 2015 Bonds. Statements in this Official Statement which involve estimates, forecasts or matters of opinion whether or not expressly so described herein, are intended solely as such and are not to be construed as representations of fact The information contained in this Official Statement has been obtained from the Obligated Group Members and other sources which are believed to be reliable. The information and expressions of opinion contained in this Official Statement are subject to change without notice and neither the delivery of this Official Statement nor any sale made by means hereof shall, under any circumstances, create any implication that there have not been changes in the affairs of the Infrastructure Bank or the Obligated Group Members since the date of this Official Statement CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS IN TillS OFFICIAL STATEMENT Certain statements included or incorporated by reference in this Official Statement constitute "forward-looking statements." Such statements are generally identifiable by the terminology used such as "plan," "expect," "estimate," "budget" or other similar words. The achievement of certain results or other expectations contained in such forward-looking statements involve risks, uncertainties and other factors that may cause actual results, performance or achievements described to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Neither the Infrastructure Bank nor the Obligated Group Members plan to issue any updates or revisions to those forward-looking statements if or when the expectations or events, conditions or circumstances on which such statements are based occur. Such forward-looking statements involve certain risks. See "FORWARD LOOKING STATEMENTS." In connection with the offering of the 2015 Bonds, the Underwriter may overallot or effect transactions which stabilize or maintain the market price of the 2015 Bonds at levels above those which might otherwise prevail in the open market. Such stabilizing, if commenced, may be discontinued at any time. The 2015 Bonds have not been registered with the Securities and Exchange Commission (the "SEC") under the Securities Act of 1933, as amended, in reliance upon an exemption contained in such act The Bond Indenture has not been qualified under the Trust Indenture Act of 1939, as amended, in reliance upon an exemption contained in such act The 2015 Bonds have not been approved or disapproved by the SEC or by the securities commission or any regulatory authority of any state, nor has the SEC or any state securities commission or regulatory authority passed upon or endorsed the merits of this offering or the accuracy or the adequacy of this Official Statement. The information set forth herein under the captions 'TilE INFRASTRUCTURE BANK" and "ABSENCE OF MATERIAL LITIGATION- The Infrastructure Bank" has been furnished by the Infrastructure Bank. Such information is believed to be reliable but is not guaranteed as to accuracy or completeness and is not to be construed as a representation by the Academy Museum Foundation. The authorization of the Infrastructure Bank of the distribution of this Official Statement shall not be construed as a representation that the Infrastructure Bank has reviewed or approved the accuracy or completeness of this Official Statement other than the information under the captions 'TilE INFRASTRUCTURE BANK" and "ABSENCE OF MATERIAL LITIGATION- The Infrastructure Bank." The information concerning DTC and DTC's book-entry system set forth in APPENDIX F- "BOOK-ENTRY ONLY SYSTEM'' has been furnished by DTC. Such information is believed to be reliable but is not guaranteed as to accuracy or coropleteness and is not to be construed as a representation by the Infrastructure Bank, the Academy Museum Foundation or the Underwriter. All other information set forth herein has been obtained from the Academy Museum Foundation and other sources that are believed to be reliable, but such information is not guaranteed as to accuracy or completeness and is not to be construed as a representation by the Infrastructure Bank or the Underwriter. The information and expressions of opinion herein are subject to change without notice, and neither the delivery of this Official Statement nor any sale of the 2015 Bonds made hereunder shall create under any circumstances any indication that there has been no change in the affairs of the Infrastructure Bank, the Obligated Group Members, DTC or any other person or entity since the date hereof. The Underwriter has provided the following sentence for inclusion in this Official Statement. The Underwriter has reviewed the information in this Official Statement in accordance with and as part of its responsibility to investors under the federal securities laws as applied to the filets and circumstances of this transaction, but the Underwriter does not guarantee the accuracy or completeness of such information. Statements in this Official Statement are made as of the date hereof and neither the delivery of this Official Statement at any time, nor any sales hereunder, shall under any circumstances create an implication that the information contained herein is correct as of any time subsequent to the date hereof. The references to Internet websites in this Official Statement are shown for reference and convenience only; unless explicitly stated to the contrary, the information contained within the websites and any links contained within those websites are not incorporated herein by reference and do not constitute part of this Official Statement TABLE OF CONTENTS Page INTRODUCTION ................................................................................................................................................ ! Authority for the 2015 Bonds ........................................................................................................................... I Purpose of the 2015 Bonds ............................................................................................................................... ! The Obligated Group ........................................................................................................................................ 2 Series 20 15A Bonds.......................................................................................................................................... 2 Series 20 15B Bonds .......................................................................................................................................... 2 Security for the 2015 Bonds ............................................................................................................................. 3 Remarketing Agent and Tender Agent for 2015B Bonds ................................................................................. 4 Certain Information Related to lbis Official Statement ..................................................................................

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