MERIWETHER COUNTY BOARD OF EDUCATION
2017 TAX ANTICIPATION NOTE
INVITATION TO BID
JUNE 21, 2017
The Meriwether County Board of Education is seeking bids on a Tax Anticipation Note (TAN) to provide funds for the operation of the system from July 2017 through December 2017. It is expected that the loan will be executed on or about July 12, 2017 for the sum of not more than $4 million. This bid is for a line of credit basis, and an interest rate is being requested.
Bids will be submitted in writing to the Finance Director no later than 12:00 p.m. Thursday, June 29, 2017. The bids should be marked “Bid for TAN” and should be in a sealed envelope. After reviewing the bids, a resolution will be presented to the Board of Education for its approval at the regular July meeting on July 11, 2017. If approved by the Board of Education, the Tax Anticipation Note will be executed shortly thereafter and draws will be made as needed until such time as tax revenues are received and the loan repaid. The loan will be repaid no later than December 31, 2017.
The Board reserves the right to reject any and all bids.
For any further information, please contact:
Meriwether County Board of Education