$1,300,000 Emery Unified School District (Alameda County, California) General Obligation Bonds, Election of 2010, Series 2017 F
NEW ISSUE - FULL BOOK-ENTRY RATING: Moody's: "Aa3" See "RATING" 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 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 Bonds is taken into account in determining certain income and earnings. In the further opinion of Bond Counsel, interest on the Bonds is exempt from California personal income taxes. See "TAX MATTERS." $1,300,000 $27,085,000 EMERY UNIFIED SCHOOL DISTRICT EMERY UNIFIED SCHOOL DISTRICT (Alameda County, California) (Alameda County, California) General Obligation Bonds 2017 General Obligation Refunding Bonds Election of 2010, Series 2017 F Dated: Date of Delivery Due: August 1, as shown on inside front cover Authority and Purpose. The above captioned General Obligation Bonds, Election of 2010, Series 2017 F (the "Series F Bonds") and the 2017 General Obligation Refunding Bonds (the "Refunding Bonds" and, together with the Series F Bonds, the "Bonds') are being issued by the Emery Unified School District (the "District") pursuant to certain provisions of the California Government Code and resolutions of the Board of Trustees of the District adopted on May 25, 2017 (together, the "Bond Resolutions"). The Series F Bonds were authorized at an election of the registered voters of the District held on November 2, 2010, which authorized the issuance of $95,000,000 principal amount of general obligation bonds for the purpose of financing the replacement and upgrading of school facilities.
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