Franklin Special School District Board Meeting Agenda April 13, 2026
District extends $6M tax anticipation credit line
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Description
The Franklin Special School District executed an Amended and Restated General Purpose Fund Tax Anticipation Revolving Promissory Note with First Horizon TE1, LLC for up to $6,000,000.00, extending its revolving tax anticipation credit facility through June 30, 2027. The action is memorialized in the Eighteenth Amendment to the Tax Anticipation Revolving Loan Agreement.
Contract Details
Contract Amount
$6,000,000.00
Vendor
FIRST HORIZON TE1 LLC
Agency
Franklin Special School District, TN
Contract Type
FINANCIAL_SERVICES
Document Date
April 13, 2026
Contract Term
Through June 30, 2027 (revolving line of credit)
Renewal Date
2027-06-30
Renewal Info
Eighteenth Amendment to the Tax Anticipation Revolving Loan Agreement extends the maturity date of the revolving tax anticipation note from March 31, 2026 to June 30, 2027 without novating the debt; prior amendments extended earlier maturities.
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Franklin Special School District Board Meeting Agenda April 13, 2026
The Franklin Special School District Promissory Note April 2026
The Franklin Special School District Tax Anticipation Revolving Loan Agreement Amendment
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