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Superintendent files FY2026 Post‑Issuance Tax Compliance Report for Series 2022 bonds

Board of Education, Sesser-Valier Community Unit School District No. 196 · February 9, 2026
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Summary

Superintendent J. Henry said on Feb. 9 he filed the Fiscal Year 2026 Post‑Issuance Tax Compliance Report for the Series 2022 bonds on Jan. 30, 2026; the report addresses records, arbitrage rebate liability, contract review and potential IRS examinations.

Superintendent J. Henry told the board that, following the District's issuance of the Series 2022 bonds, he fulfilled the district's post‑issuance compliance obligations by filing the Fiscal Year 2026 Post‑Issuance Tax Compliance Report on Jan. 30, 2026.

"The Fiscal Year 2026 Post-Issuance Tax Compliance Report that Superintendent Henry issued on January 30, 2026, has been filed with the District's official records for the Series 2022 bonds (copy attached)," the superintendent reported. He said the report enumerates four key components: records, arbitrage rebate liability, contract review and IRS examinations or inquiries, and that it will remain on file until the Series 2022 bonds are retired.

Henry offered to answer questions about the document; the transcript records no board questions at the meeting. The report was included in the meeting packet as part of regular financial and compliance reporting.