M.S.A.D. #45 School Board Meeting Agenda 2026-06-09
MSAD 45 Plans Revenue Anticipation Loan with Katahdin
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Description
MSAD 45 plans to authorize a 12‑month, $400,000 Revenue Anticipation Loan with Katahdin Trust Company at a fixed 5.21% interest rate for district working capital needs. The motion also authorizes designated district officials to execute all required loan documents.
Contract Details
Contract Amount
$400,000
Vendor
KATAHDIN TRUST COMPANY
Agency
School Administrative District 45, ME
Contract Type
FINANCIAL_SERVICES
Document Date
June 5, 2026
Contract Term
12 months at a fixed interest rate of 5.21%
Renewal Info
Single 12‑month revenue anticipation note for FY 2026-27; no renewal terms stated in the agenda item.
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