Massachusetts School Building
Authority Subordinated Dedicated
Sales Tax Bonds, 2018 Series A

Massachusetts School Building Authority

Invest in Massachusetts schools and earn tax-exempt income. The Massachusetts School Building Authority provides funding to schools for projects such as building repair and renovation. As of January 1, 2018, the Board had approved project closeout audits for 424 new projects.


Issuance characteristics
  • Refunding
  • Contains callable maturities
  • Federally tax exempt
  • Revenue
  • Competitive 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 Preliminary Official Statement for more information.

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