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• of No dealer, sales representative oc any other petaon has been auth"Ued by the County -the Underwriters to give any information or to make any representation, other than those contained in this Official Statement. and. i ff given official Statement dmade, such uoth nit con tition or representations must not be relied upon a,4having been authorised by the foregoi g- () an offer to sell or the solicitation of an offer to buy and there shall be no sale if the Notes by any perste on in any jurisdiction in which it is unlawful for such parson to make such offer, soddlation or sale - The information set forth herein has been obtained from the County and other sources that are believed to be reliable, but is not guaranteed a9 to accurary or�p�e lanes+ by std is not to be construed "a to tutsUon by the Underwriters or. as to information from others sources. the Ceorrly. Tt.r informstioo and the expressions o opintan contained M ch° are subject to change withmet notice and oeitbar the delivery of this (official Statement nee any safe mace hereundershad. under any circumstances. create any implication that there bas been no rh sn ce in the sffairx of the County since the date hereof nr the earliest date as of which such information is THE UNDERWRITERS HAVE ADVISEE) THE COUNTY THAT IN (V. NNF:CTION WITH THE OFFERING OF THE NOTES, THE UNDERWRITERS MAY OVERALIAnOR EFFV(`TTRANSACTIoNS WHICH STABILIZE OR MAINTAIN THY MARKETPRICE OPEN MARKET SUCHOSTABILI7ATION IF C OMMENCV0, MAS AT t.VVELS ABOVE Y BE D1 FSCO IGHT NTI UEDfERWISE AT ANY TIMF'AIL IN THE TABLF OF CONTENTS Page INTRODUCTION 2 THE COUNTY 3 Description 3 Governm-nt F,op 4l111hon fl Irwrlustry 6 Employment x 'Fransprrt t at i.,o N Ilralth Csn N Education Cirnmuniratiw, w)d 9 9 THE SY5"F M 9 General Ill Svstpm Staff Ip Nater and Sew" Cu.tewr , In Rate Structure 111 tlutatanding IErbt ll C.-rtain Financial I)n01+ 1:1 11I,AN OF FINANCE Lt G.meval Dr*criptwn 11 F:stirnated `inurres anti 11— .,1 F'uwl ' 11 Additional Construction Rrq uirrnwnt-, it DESCRUMON OF THE PRr1. VVY I;, DESCRIPTION OF THF; NOTES IS Terms Security and tiourres ,I Payment I f; 17 Redemtion t'ruviwionw IitiM1IF; AI)MINISTRA'rioN 17 IM FARMERS RISK FA(7rOI(S SUMMARY of-' t'ttlri'ISf(lNSOPT'HE; RESOLUTIONS Iit Original fit -solution 24 Note R-olutinn 26 RATING 'l6 UNDERWRITING 2f. VALIDATION 27 LEGALITY NEW FEDERAL TAX LEGISLATION . 27 27 The Internal Revenue Code of 1986 ... L8 The Superfund Revenue Act of 1986.. 28 .................... ... In General......... 29 TAX EXEMPTION ..................... Federal Alternative Minimum Tax Calculations . .. ..... ............. 29 30 Foreign Corporation Branch Profits Tax .... ... Environmental Tax on Corporations .. . Interest Reporting Requirements .................... .................. 31 Taxable Social Security Benefits Calculations ...... . ................................................. Financial Institutions' Cost of Carrying Tax -Exempt Obligations ............................................ 32 Property and Casualty Insurance Company Income Taxes ................................................. . 32 NON—ARBI'T'RAGE BONDS............................................................................. ....... 33 LITIGATION......................................................................... 33.................................................. MISCELLANEOUS........................ ".......... AUTHORIZATION OF OFFICIAL STATEMENT........................................................... 33 APPENDIX A — DEFINITIONS........................................................................ OF OPINION OF BOND COUNSEL ................................................ . A-1 B-1 APPENDIX B — FORM