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Meeting Date:
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2/11/2025 - 2:00 PM
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Category:
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12.0 ACTION ITEMS
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Type:
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Action
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Subject:
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Yield Restriction Liability Payment for the Pueblo School District No. 60 $207,610,000 General Obligation Bonds, Series 2020
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Strategic Plan Alignment:
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Enclosure
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File Attachment:
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Summary:
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PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc., completed an arbitrage rebate and yield restriction liability calculation for the Pueblo School District No. 60 $207,610,000 General Obligation Bonds, Series 2020, for the period January 29, 2020 to December 14, 2024. The yield restriction liability calculation by PFM Asset Management determined that a payment of $3,393,909.10 is due to the United States Treasury.
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Funding:
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Recommendation:
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The Board of Education approves the payment in the amount of $3,393,909.10 to the United States Treasury as determined by the PFM Asset Management yield restriction liability calculation as presented in the February 11, 2025 Board materials.
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Approvals:
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Recommended By:
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Signed By:
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Dr. Barbara Kimzey - Superintendent
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