California State Public Works Lease
Revenue Refunding Bonds

State Public Works Board Of The State Of California

The California State Public Works Board is refunding previously issued bonds supporting historic and other public buildings. This project makes it possible to invest in the financing of critical libraries, fire stations and water infrastructure for the State of California.


Issuance characteristics
  • Not callable
  • Limited obligation
  • Federally tax exempt (AMT may apply)
  • Revenue
  • Negotiated sale

Can I sell the bonds if I don’t want them anymore?

Yes, bonds sold through Neighborly are book-entry bonds with registered CUSIPs, and therefore are tradeable in the secondary market in the same way as any other registered municipal security. Read more here.

Can I transfer my bond to another brokerage account?

Absolutely, after the sale is completed, Neighborly can transfer bonds to a brokerage account at another institution. Fees may apply. Read more here.

Is there an investment minimum or maximum?

The minimum investment is determined by the minimum denomination of the issuance. In the case of this financing, it is $5,000. If there is a maximum, refer to Sales Condition under Project details tab.

What other risks should I be aware of when investing in bonds?

Please review the risks section of the for more information.

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