About this bond issuance
The proceeds from the sale of the Bonds will be used to finance the construction of improvements and alterations to all District school buildings and the sites thereof.
IssuerOften the obligor. However, sometimes issuers partner with an authorized conduit financing non-profit within their state or city to issue the bonds.
Manhasset Union Free School District, in the County of Nassau, a school district of the State of New York
AuthorityBefore an issuer can raise money for a project, they must first have the legal authority to do so. This authority is sometimes preceded by a general election, and awarded after the successful passing of a bond measure.
The Bonds are issued pursuant to the Constitution and laws of the State, and a bond resolution adopted by the Board of Education of the District on February 5, 2015, following approval of a proposition by a majority of the voters of the District voting thereon at a Special District Meeting held on December 3, 2014, authorizing the issuance of bonds of said District in the principal amount of $19,959,870.
TrusteeThe trustee is a third-party, often a large bank or financial institution, responsible for all payment flows between an issuer and an investor. This trustee is in charge of processing coupon payments.
Paying Agent: Manhasset Union Free School District, in the County of Nassau, a school district of the State of New York