Legal Notices-Government

NOTICE OF BOND SALE AND DELEGATION OF AUTHORITY

LOS LUNAS SCHOOL DISTRICT NO. 1

COUNTY OF VALENCIA, NEW MEXICO

$8,725,000

GENERAL OBLIGATION SCHOOL REFUNDING BONDS,

SERIES 2022

PUBLIC NOTICE IS HEREBY GIVEN that pursuant to the Notice of Bond Sale and Delegation of Authority Resolution, adopted by the Board on February 15, 2022 the Superintendent (“Superintendent”) of Schools of the Los Lunas School District No. 1, Valencia County, New Mexico, (the “District”) or the Chief Financial Officer of the District will on or about March 1, 2022 sign a Bond Purchase Agreement for the purchase of the District’s $8,725,000 General Obligation School Refunding Bonds, Series 2022.

The Series 2022 Refunding Bonds will be issued as fully registered bonds and will mature on July 15, of each year as follows:

Years

Amounts

Maturing Maturing*

2022 $ 690,000

2023 2,105,000

2024 2,235,000

2025 1,515,000

2026 1,490,000

2027 690,000

TOTAL

$8,725,000

*Preliminary and subject to change.

The Bonds constitute general obligation debt of the District, payable from general (ad valorem) taxes that may be levied against all taxable property within the District, without limitation as to rate or amount.

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 Modrall, Sperling, Roehl, Harris & Sisk, P.A., Attorneys at Law, Albuquerque, New Mexico.

Published in the Valencia County News-Bulletin: February 17, 2022