... Number One Revenue Bonds, Tax- Exempt Refunding Bonds, Series 2018 and $2,160,000 Hydroelectric Project Number One Revenue Bonds, Taxable Refunding Bonds, Series 2018, via negotiation the week of March 5. Security: Bonds are secured by unconditional payments made by the participants in the hydroelectric project. Each participant is responsible for their percentage share of the project, although the obligation is subject to step-up provisions, as described below, by the performing participants in the event of default by any participant. Purpose: Proceeds will be used to refund the outstanding project revenue bonds and pay the costs of issuance. Final Maturity: July 1, 2024....