Memorandum Regarding Final Official Statement
475 Sansome Street Suite 1700 San Francisco, CA 94111 t. 415.391.5780 f. 415.276.2088 MEMORANDUM REGARDING FINAL OFFICIAL STATEMENT $41,430,000 JEFFERSON UNION HIGH SCHOOL DISTRICT (San Mateo County, California) 2015 General Obligation Refunding Bonds To: Interested Parties Date: May 21, 2015 Re: Correction to Final Official Statement Below is a paragraph which corrects a paragraph on page 15 of the Final Official Statement dated May 14, 2015 for the above-captioned Bonds. The paragraph is the third paragraph on page 15, with the sub-caption “Capitalization of the Bond Insurer.” The corrected paragraph is as follows: “The Bond Insurer’s total admitted assets, total liabilities, and total capital and surplus, as of March 31, 2015 and as prepared in accordance with statutory accounting practices prescribed or permitted by the New York State Department of Financial Services were $466.5 million, $22.2 million and $444.3 million, respectively.” We apologize for any inconvenience that this may cause. NEW ISSUE - FULL BOOK-ENTRY RATINGS: Standard & Poor’s: Insured: “AA” Underlying: “A+” See “RATINGS” herein In the opinion of Jones Hall, A Professional Law Corporation, San Francisco, California, Bond Counsel, subject, however to certain qualifications described in this Official Statement, under existing law, interest on the Refunding Bonds is excluded from gross income for federal income tax purposes, and such interest is not an item of tax preference for purposes of the federal alternative minimum tax imposed on individuals and corporations, although for the purpose of computing the alternative minimum tax imposed on certain corporations, interest on the Refunding Bonds is taken into account in determining certain income and earnings.
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