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FINANCIAL_SERVICESAPPROVED

Gilmer Independent School District Minutes May 2023

District Approves $500,000 Loan for Capital Assets

$500,000Gilmer IsdFIRST NATIONAL BANK OF EAST TEXASMay 15, 2023

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

Gilmer ISD approved a $500,000 five-year loan from First National Bank of East Texas to finance capital asset purchases. The financing arrangement was unanimously authorized by the board.

Contract Details

Contract Amount

$500,000

Vendor

FIRST NATIONAL BANK OF EAST TEXAS

Agency

Gilmer Isd, TX

Contract Type

FINANCIAL_SERVICES

Document Date

May 15, 2023

Contract Term

5-year loan

Renewal Date

2028-05-15

Renewal Info

Loan term is five years; refinancing or renewal at maturity would require future board consideration.

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