SIENNA PLANTATION LEVEE IMPROVEMENT DISTRICT of FORT BEND COUNTY, TEXAS (A Political Subdivision of the State of Texas, Located Within Fort Bend County)
OFFICIAL STATEMENT DATED SEPTEMBER 23, 2020 In the opinion of The Muller Law Group, PLLC, Bond Counsel, based upon an analysis of existing laws, regulations, rulings and court decisions, and assuming, among other matters, the accuracy of certain representations and compliance with certain covenants, interest on the Bonds (herein defined) is excluded from gross income for federal income tax purposes under Section 103 of the Internal Revenue Code of 1986. In the further opinion of Bond Counsel, interest on the Bonds is not a specific preference item for purposes of the federal alternative minimum tax. Bond Counsel expresses no opinion regarding any other tax consequences related to the ownership or disposition of, or the amount, accrual or receipt of interest on, the Bonds. See “TAX MATTERS.” The Bonds are NOT designated “qualified tax-exempt obligations” for financial institutions. See “TAX MATTERS – NOT Qualified Tax-Exempt Obligations.” NEW ISSUE – Book-Entry-Only S&P Global Ratings (AGM Insured) ......................................................... “AA” Moody’s Investors Service, Inc. (Underlying) (AGM Insured) ....... “A1” SIENNA PLANTATION LEVEE IMPROVEMENT DISTRICT OF FORT BEND COUNTY, TEXAS (A Political Subdivision of the State of Texas, located within Fort Bend County) $37,900,000 Unlimited Tax Levee Improvement Bonds Series 2020 Dated: October 1, 2020 Due: September 1, as shown on the inside cover The $37,900,000 Sienna Plantation Levee Improvement District of Fort Bend County, Texas, Unlimited Tax Levee Improvement Bonds, Series 2020 (the "Bonds") are obligations of Sienna Plantation Levee Improvement District of Fort Bend County, Texas (the "District") and are not obligations of the State of Texas (“Texas”); the City of Missouri City, Texas (the “City”); the City of Alvin, Texas; Fort Bend County, Texas (the “County”); or any political subdivision or entity other than the District.
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