Description
The Hillsdale Board of Education is selling its entire $47.359 million school‑bond issue. The successful bidder (typically an investment bank or broker‑dealer) must provide a good‑faith deposit, name the interest rates, deliver the bonds in book‑entry form via DTC, and supply CUSIP numbers, pricing, and underwriter compensation details shortly after award. The transaction is governed by strict timing for deposit receipt, CUSIP communication, and DTC questionnaire submission, with interest payments beginning August 15 2026 and possible early redemption after 2032.
• Purchase the full $47.359 M municipal bond issue (book‑entry, $5,000 denominations).
• Provide a $947,180 (≈2 %) good‑faith deposit and pay accrued interest at delivery.
• Deliver bonds and related documentation (CUSIP, underwriter questionnaire) within the tight post‑award windows and manage ongoing interest payments and potential redemption.