Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Selectboard signs Bond Bank documents to bridge FEMA payment timing
Summary
The Fayston Selectboard signed Bond Bank loan extension documents previously reviewed by board members so the town can cover expenses in advance of an expected FEMA payment.
The Selectboard signed Bond Bank documents that extend a loan to cover expenses while the town awaits an anticipated FEMA payment. The documents had been reviewed by members ahead of the meeting and were signed at the meeting.
The transcript records that the board previously discussed and agreed to extend the Bond Bank loan to cover expenses in advance of a FEMA payment and then signed the documents at the meeting. No figures for the loan amount or repayment terms were provided in the transcript; the action was recorded as an executed administrative step.
