Investing in California - The Golden State

Under no circumstances shall this announcement constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of the State Public Works Board Lease Revenue Bonds in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under securities laws of any such jurisdiction. The State Public Works Board Lease Revenue Bonds will be sold only by means of an Official Statement. Please call Ramirez & Co. at 1-800-888-4086 or click here if you would like a copy of the Preliminary Official Statement.

Investing in the Golden State
State Public Works Board Lease Revenue Bonds

2010 Series B (Trustees of the California State University):
Subseries B-1 (Tax-Exempt)
Subseries B-2 (Federally Taxable Build America Bonds)

State Public Works Board Lease Revenue Bonds fund capital projects for the Trustees of the California State University. The State Public Works Board is the principal entity for the approval and oversight of most major capital outlay projects of the State, other than State highway projects.

The bonds are payable from lease rental payments made by California State University from funds appropriated from the State’s general fund. The payments are to be made from the first available funds of the CSU System.

The bonds are secured by a common reserve fund established under a master indenture.

Funds are continuously appropriated, providing for an appropriation for lease rental payments in the event the State is operating without a budget or when amounts are not included in the budget.

The 2010B Bonds have received the ratings of “A1” by Moody’s, “BBB+” by Fitch and “BBB+” by S&P.

2010 Series C (The Regents of the University of California):
Subseries C-1 (Tax-Exempt)
Subseries C-2 (Federally Taxable Build America Bonds)
2010 Series D (Federally Taxable)

State Public Works Board Lease Revenue Bonds fund capital projects for The Regents of the University of California. The State Public Works Board is the principal entity for the approval and oversight of most major capital outlay projects of the State, other than State highway projects.

Each series of bonds is payable from lease rental payments made by The Regents from funds appropriated from the State’s general fund. The payments are to be made from the first available funds of The Regents. The rating takes into consideration the fact that The Regents may also make lease payments from available revenues.

The bonds are secured by a common reserve fund established under a master indenture.

Funds are continuously appropriated, providing for an appropriation for lease rental payments in the event the State is operating without a budget or when amounts are not included in the budget.

The 2010C Bonds and the 2010D Bonds have received the ratings of “Aa2” by Moody’s, “AA-” by Fitch and “AA-” by S&P.

I have an account with Ramirez & Co.
If you already have an account with us, simply call your Investment Representative and they will provide you with complete information regarding State Public Works Board Lease Revenue Bonds.

I would like to open an account with Ramirez & Co.
Just call us at (800) 888-4086 ext 531 and one of our Investment Representatives will be happy to assist you with the account opening process. We will gather information about you and your investment goals, and discuss how State Public Works Board Lease Revenue Bonds can help you fulfill these goals. It is a simple process and one that we have been helping investors with for over 38 years.

More Information on Municipal Bonds

For over 38 years, Ramirez & Co. has helped individuals throughout the country create comprehensive investment portfolios using tax-free municipal bonds. Call a Ramirez Investment Representative at (800) 888-4086 ext 531 to discuss the benefits of investing in municipal bonds. We will be happy to send you an information package tailored to your specific investment goals.

Investment Representatives who speak Spanish and English are available at (866) 783-6788.