...Sale Date: May 1, 2019. Series: Approximately $76,365,000 General Obligation General Improvement Bonds, Series 2019A, and approximately $74,405,000 General Obligation Bond Anticipation Notes (BANs), Series 2019A. Purpose: Bond proceeds will refinance 2018B BANs; series 2019A BAN proceeds will fund general and sewer capital projects. Security: The notes are general obligations of Nassau County (the county) that carry the county's 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 (the tax cap law). This limit can be overridden annually by a 60% vote of the county legislature....
