Hazen Union #26 School District Proposal Tax Anticipation Loan 2026-06-08
Union Bank Proposes $1.2M Tax Anticipation Loan for Hazen Union #26
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Description
Hazen Union #26 School District is considering a $1,200,000 tax anticipation loan from Union Bank with a 3.35% fixed interest rate and special reinvestment terms, pending School Board acceptance and documentation. The proposal allows reinvestment of excess funds at a competitive rate with no prepayment penalty for the 12-month term.
Contract Details
Contract Amount
$1,200,000.00
Vendor
UNION BANK
Agency
Hazen UHSD 26, VT
Contract Type
FINANCIAL_SERVICES
Document Date
June 8, 2026
Contract Term
July 1, 2026 – June 30, 2027 (12 Months)
Renewal Date
2027-06-30
Renewal Info
Loan maturity is June 30, 2027; no renewal or extension terms explicitly stated. Prepayment is permitted at any time with no penalty.
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