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Board delegates long-term authority to president to issue revenue anticipation notes
Summary
The Camden Central School District Board unanimously delegated to its president the authority to authorize issuance and sale of revenue anticipation notes, classifying the action as SEQRA Type II and setting a 10-year delegation window through May 19, 2036.
On May 19, 2026, the Camden Central School District Board of Education approved a resolution delegating to the President of the Board the authority to authorize issuance and sale of revenue anticipation notes (RANs). The board’s resolution declares the action a Type II action under SEQRA (Part 617.5(c)(10)) and set the delegation period to expire on May 19, 2036.
The motion to approve the resolution was moved by Mrs. Portner and seconded by Mrs. Stone and was adopted by unanimous roll call (Fanning, Mitchell, Petrie, Portner, Stone voting YES). The text in the minutes states that the delegation covers issuance and sale of RANs “in anticipation of the receipt of state aid” and that the authorization takes effect immediately.
Board minutes list this delegation as a standing authorization to be exercised by the board president as chief fiscal officer when necessary. By classifying the resolution as a SEQRA Type II action, the board recorded that the authorization is not subject to environmental review under the cited regulation.
