279300000 the ILLINOIS STATE TOLL HIGHWAY AUTHORITY Bofa Merrill Lynch Siebert Brandford Shank & Co
NEW ISSUE – BOOK-ENTRY ONLY RATINGS: See “RATINGS” herein. Subject to compliance by the Authority with certain covenants, in the opinion of Pugh, Jones, Johnson & Quandt, P.C., Chicago, Illinois, Bond Counsel, under present law interest on the 2010A Bonds will not be includible in the gross income of the owners thereof for Federal income tax purposes. Interest on the 2010A Bonds will not be treated as an item of tax preference in computing the alternative minimum tax for individuals and corporations. See the heading “TAX MATTERS” herein for a more detailed discussion of some of the federal tax consequences of owning the 2010A Bonds. The interest on the 2010A Bonds is not exempt from present Illinois income taxes. $279,300,000 THE ILLINOIS STATE TOLL HIGHWAY AUTHORITY Toll Highway Senior Refunding Revenue Bonds, 2010 Series A-1 Maturities, Principal Amounts, Interest Rates, Yields 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 Refunding Revenue Bonds, 2010 Series A-1 (the “2010A Bonds”). The 2010A Bonds are being issued under a Trust Indenture dated as of December 1, 1985 (as amended, restated and supplemented, the “Indenture”) from the Authority to The Bank of New York Mellon Trust Company, N.A., as successor trustee (the “Trustee”). The 2010A Bonds will be issuable as fully registered bonds in the name of Cede & Co., as registered owner and nominee of The Depository Trust Company, New York, New York (“DTC”).
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