I am interested in obtaining information about
bonds issued by
the State of Connecticut or State Authority, whom should I contact?
Below is a list of the State Treasurer and certain State Authorities which
issue their own
debt in the capital markets, along with their mailing addresses and
telephone numbers. Please
contact them directly.
Will the University of Connecticut Bonds be issued soon?
Generally, the University of Connecticut has planned a UCONN 2000 State Debt
Service Commitment Bond Issue every spring.
How can I buy University of Connecticut Bonds?
Bonds issued by the University of Connecticut may be purchased in the primary
or secondary market from brokers, and in some cases, underwriting banks. Some
investors also invest in tax-exempt mutual funds. Please call your investment
firm for further details. Commissions and fees vary by firms. Many investors
shop around for the best combination of service and fees for their interests.
The Office of Treasury Services cannot dispense investment advice. The Securities
and Exchange Commission regulates securities firms and the markets. Exchanges
often also regulate their members. In Connecticut, the State Department of Banking
regulates certain security firms in Connecticut and may be reached at 860-240-8230.
What are University of Connecticut Bonds rated?
Bond ratings depend on the security features of the particular bonds you wish
to purchase. Some bonds with the same underlying ratings might have different
credit ratings assigned to them by the rating agencies due to credit enhancements,
such as bond insurance or letters of credit; or due to escrows that have been
set up to pay principal and interest on refunded issues.
The most recent credit ratings for a particular municipal bonds can be obtained
over the telephone from the following nationally recognized credit rating agenc
agencies located in New York City. World wide web address are also given when
available.
I own University of Connecticut 2000 Bonds, and I have a question
concerning:
An interest or principal payment;
Whether any notices have been issued to call the bonds prior to
maturity;
The registration of the bonds;
A bond that has matured;
A lost college savings bond certificate;
Or similar question;
Please call U.S. Bank, National Association at 860-241-6812, or FAX 860-241-6897. U.S. Bank, National Association is the
Paying Agent for these bonds and is best suited to answer these questions for
you.
Are all the University of Connecticut bonds tax-exempt?
The bonds issued by the Office of Treasury Services are of the " double
tax-exempt" category. In general for many individuals, the interest on
these State of Connecticut tax-exempt bonds may be excluded from Connecticut
taxable income for purposes of the Connecticut income tax on individuals, trusts
and estates, and is also excludable from gross income in the calculation of
Federal income taxes. However, the tax status of individuals vary. The
State does not offer tax advice, and potential investors should consult their
tax advisers to determine the tax treatment of any investments they have made
or are contemplating making.
If the University of Connecticut bonds are tax-exempt, do I have
to report them on my tax forms?
Individuals should consult their tax advisers or the Internal Revenue Service,
or other taxation agencies as to tax treatment and reporting requirements. However,
generally speaking, tax-exempt income is often required to be reported for informational
purposes on tax forms even if not taxed.
Are the University of Connecticut Bonds issued on paper certificates
to individual bondholders or are they issued electronically?
University of Connecticut bonds are issued as fully registered book entry bonds,
bonds, without physical certificates or coupons to clip, in $5,000 denominations.
Bond transactions are recorded in electronic computerized book entry form by
the Depository Trust Company ("DTC"), a New York limited purpose trust
company and member of the Federal Reserve System. DTC is also a registered clearing
agency under the Securities Exchange Act of 1934, and holds securities for participants.
Direct Participants include securities brokers and dealers, banks, trust companies,
clearing corporations, and certain other organizations. Purchase of the book
entry bonds under the DTC system must be made by or through the Direct Participants
who will receive a credit for the bonds on DTC's computerized records. The Direct
or Indirect Participants are in turn responsibile for keeping accurate records
of their individual client's holdings and issuing written transaction confirmations
and periodic account statements to the individual clients. Under this system
individual bond holders do not receive physical certificates representing their
ownership of the bonds, but should receive account statements of their holdings
from their securities broker.
How can I obtain a copy of an Official Statement or other State
or University disclosure information for a particular bond issue?
In accordance with the requirements of Rule 15c2-12 promulgated by the Securities
and Exchange Commission, the State has agreed to provide certain disclosure
information, including Official Statements, to Nationally Recognized Municipal
Securities Information Repositories ("NRMSIR") recognized by the SEC.
Some of them have Internet
sites where you can download a copy of an Official Statement. If you wish access
to a State Official Statement or other disclosure document in a NRMSIR file,
please choose a NRMSIR from the list below. Please note that each NRMSIRs is
responsible for its site and inform information.
NATIONALLY RECOGNIZED MUNICIPAL SECURITIES INFORMATION REPOSITORY
ADDRESS LIST:
FT Interactive Data
Attn: NRMSIR
100 William Street
New York, New York 10038
Phone: (212) 771-6999
Fax: (212) 771-7390 (Secondary Market Information)
(212) 771-7391 (Primary Market Information) Email: NRMSIR@FTID.com
