LC Municipal Utility District No. 1 of Collin County Board of Directors Meeting November 2025
District Authorizes DTC Blanket Letter for Bonds
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Description
The District authorized a Blanket Letter of Representation with The Depository Trust Company to serve as custodian for its first bond issuance. This agreement allows the bonds to be held and cleared through DTC’s book-entry system.
Contract Details
Vendor
DEPOSITORY TRUST COMPANY
Agency
Lc Mud 1, TX
Contract Type
FINANCIAL_SERVICES
Document Date
November 12, 2025
Renewal Info
DTC Blanket Letter of Representation is required for the first bond issuance and typically remains in effect for subsequent book-entry securities unless modified or terminated.
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