Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board approves three bond resolutions including tax anticipation note and SCAGO bond
Summary
The Chesterfield County School Board approved three standard financing resolutions — a tax anticipation note, a SCAGO general obligation bond and a taxable bond tied to an earlier installment purchase revenue bond — to assure cash flow and access capital.
The Chesterfield County School Board approved three financing resolutions intended to preserve cash flow and access capital: a tax anticipation note (TAN), the district's annual SCAGO general obligation bond and a taxable bond to pay premiums on an earlier installment purchase revenue bond.
Why it matters: The instruments provide short-term cash for operations before property taxes are collected, and they authorize issuance of bond proceeds…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
