Sale of Tax Anticipation Warrant of School Tender, USA - 9651769

Procurement Summary

Country : USA

Summary : Sale of Tax Anticipation Warrant of School

Deadline : 13 Dec 2016

Other Information

Notice Type : Tender

TOT Ref.No.: 9651769

Document Ref. No. :

Financier : Self Financed

Purchaser Ownership : -

Tender Value : Refer Document

Purchaser's Detail

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Tender Details

Tender are invited for Time warrants in anticipation of taxes levied and in the following funds in the designated amounts : Capital Projects - $1, 272, 000 December 29, 2017 ; Transportation - $466, 000 December 29, 2017; Bus Replacement - $135, 000 December 29, 2017; Debt Service - $650, 000 December 29, 2017; Exempt Debt Service - $277, 000 December 29, 2017. The $2, 800, 000 of warrants shall be dated as of the date of delivery thereof to the Purchaser or Purchasers; all warrants shall bear interest at a rate to be determined by this bidding payable at maturity of the warrants. All warrants of the same fund shall bear interest at the same rate. Interest shall be calculated on a 365 day basis. Principal and interest shall be payable at the office of the school treasurer. It is anticipated that the warrants will be delivered on or about January 3, 2017. These temporary loan warrants have been designated as qualified tax-exempt obligations pursuant to Section 265(b)(3) of the Internal Revenue Code.

Documents

 Tender Notice