... Notes, 2015 Series A, sold the week of Dec. 7 by negotiation; notes are due on Sept. 15, 2016. Security: Nassau County's (the county) faith and credit and taxing power, subject to a 2011 state statute limiting property tax increases to the lesser of 2% or an inflation factor (tax cap law). This limit can be overridden annually by a 60% vote of the county Legislature. Purpose: To meet a cash flow deficit expected to occur during the period the 2015 series A TANs are outstanding and to pay costs of issuance. Final Maturity: Sept. 15, 2016....