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NOTICE OF BOND SALE AND DELEGATION OF AUTHORITY CUBA INDEPENDENT SCHOOL DISTRICT NO. 20 COUNTY OF SANDOVAL, NEW MEXICO $2,915,000 TEACHER HOUSING REVENUE BONDS, SERIES 2021 PUBLIC NOTICE IS HEREBY GIVEN that pursuant to the Notice of Bond Sale and Delegation of Authority Resolution, adopted by the Board on July 21, 2021 the Superintendent ("Superintendent") of Schools of the Cuba Independent School District No. 20, Sandoval County, New Mexico, (the "District") or the Director of Finance will on or about July 28, 2021 sign a Bond Purchase Agreement for the purchase of the District's $2,915,000 Teacher Housing Revenue Bonds, Series 2021. The Series 2021 Teacher Housing Revenue Bonds will be issued as fully registered bonds and will mature on August 1, of each year as follows: Years Maturing (August 1) Amounts Maturing Years Maturing (August 1) Amounts Maturing 2022 $80,000 2023 70,000 2024 75,000 2025 75,000 2026 145,000 2027 145,000 2028 145,000 2029 150,000 2030 150,000 2031 150,000 2032 155,000 2033 155,000 2034 160,000 2035 165,000 2036 170,000 2037 175,000 2038 180,000 2039 185,000 2040 190,000 *Preliminary and subject to change. The Bonds constitute a special obligation of the District, not a general obligation debt of the District, which is payable from federal impact aid payments provided by the federal government, rental income, and other available district funds. The maximum net effective interest rate permitted on the Bonds is ten percent (10%). The validity and enforceability of the Bonds will be approved by the New Mexico Attorney General, and by Modrall, Sperling, Roehl, Harris & Sisk, P.A., Attorneys at Law, Albuquerque, New Mexico. Journal: July 22, 2021 Left-red    Print Legal   Email-red   Published on: Thu July 22, 2021