The Illinois State Toll Highway Authority Toll Highway Senior Revenue Bonds, 2017 Series A
PRELIMINARY OFFICIAL STATEMENT DATED NOVEMBER 9, 2017 NEW ISSUE – BOOK-ENTRY ONLY RATINGS: See “RATINGS.” Subject to compliance by the Authority with certain covenants, in the opinion of Chapman and Cutler LLP, Bond Counsel, under present law, interest on the 2017A Bonds is excludable from gross income of the owners thereof for federal income tax purposes and is not included as an item of tax preference in computing the federal alternative minimum tax for individuals and corporations, but such interest is taken into account in computing an adjustment used in determining the federal alternative minimum tax for certain corporations. Interest on the 2017A Bonds is not exempt from present State of Illinois income taxes. See “TAX MATTERS” herein for a more complete discussion. $300,000,000* THE ILLINOIS STATE TOLL HIGHWAY AUTHORITY Toll Highway Senior Revenue Bonds, 2017 Series A Maturities, Principal Amounts, Interest Rates, Yields, Prices and CUSIP Numbers are Shown on the Inside of the Front Cover This Official Statement contains information relating to The Illinois State Toll Highway Authority (the Authority“ ”) and the Authority’s Toll Highway Senior Revenue Bonds, 2017 Series A (the “2017A Bonds”). The 2017A Bonds are being issued and secured under an Amended and Restated Trust Indenture effective as of March 31, 1999, amending and restating a Trust Indenture dated as of December 1, 1985 (as amended, restated and supplemented to the date hereof, the “Amended and Restated Indenture”) from the Authority to The Bank of New York Mellon Trust Company, N.A., as successor trustee (the “Trustee”), and a Twenty-Fifth Supplemental Indenture dated as of December 1, 2017 by and between the Authority and the Trustee (the “Twenty-Fifth Supplemental Indenture” and collectively with the Amended and Restated Indenture, the “Indenture”).
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