General Obligation Bonds Of The Paso
Robles Joint Unified School
District San Luis Obispo...

Paso Robles Joint Unified School District

Invest in Paso Robles Joint Unified School District while earning tax-exempt income! Help support the Paso Robles Joint Unified School System by financing the repairs, acquisition, upgrading, equipping, and construction of school classrooms and facilities. Please review the offering documents under "Documents" tab for full details.


Issuance characteristics
  • Not callable
  • Federally tax exempt
  • General Obligation
  • Competitive sale

About this bond issuance

  • Purpose

    General Obligation Bonds Of The Paso Robles Joint Unified School District San Luis Obispo County, California, Series 2018

    The Bonds are being sold to repair, acquire, upgrade, equip, and construct school classrooms and facilities as well as expand career technical education.

  • Issuer

    Paso Robles Joint Unified School District

  • Authority

    The Bonds are issued pursuant to the provisions of the California Education Code Sections 15140 and 15300 et seq. (the "Act"), California Government Code Section 53506 et seq., and Article XIIIA of the Constitution of the state of California (the "State").  The Bonds are authorized to be issued pursuant to a resolution adopted by the Board of Trustees of the District (the "Board") on March 13, 2018, and are issued pursuant to the paying agent agreement dated as of May 1, 2018 (the "Paying Agent Agreement"), between the District and the U.S. Bank National Association (the "Paying Agent").

  • Security

    The Bonds are payable from ad valorem taxes to be levied within SFID No. 1 pursuant to the California Constitution and other State law.  The Board of Supervisors (the "Board of Supervisors") of the County has the power and is obligated to annually levy ad valorem taxes for the payment of debt service on the Bonds upon all property within the SFID No. 1 subject to taxation, without limitation of rate or amount (except certain personal property which is taxable at limited rates).

Ratings

Ratings

S&P

Aa3

Moody's

Fitch

Financing team

Neighborly Securities
Neighborly is a co-manager on this issuance.
Bond Counsel
Paying Agent