Community Unit School District Number 429 Resolution Taxable General Obligation Limited Tax School Bonds, Series 2026 2026-06-17
School District 429 Authorizes Bond Sale with PMA Securities
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Description
The Board of Education of Community Unit School District Number 429 authorized the sale of up to $275,000 in taxable general obligation limited tax school bonds for working cash fund purposes, with PMA Securities, LLC designated to conduct the sale. The contract is pending final sale and execution by district officials and may be awarded via competitive bidding, negotiated underwriting, or private placement upon PMA's recommendation.
Contract Details
Contract Amount
Not to exceed $275,000 (bond proceeds); minimum sale price is 97% of principal amount
Vendor
PMA SECURITIES LLC
Agency
Hinckley Big Rock CUSD 429, IL
Contract Type
FINANCIAL_SERVICES
Document Date
June 17, 2026
Contract Term
Bonds to be dated between June 17, 2026 and October 1, 2026; sale to be executed by September 15, 2026; bond maturity not later than October 1, 2026
Renewal Date
2026-10-01
Renewal Info
Single bond issuance authorized; not subject to renewal. Sale to proceed by September 15, 2026. Bonds will mature no later than October 1, 2026.
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