Town of Walden Resolution 2026-648 2026-05-12
Administration Fee Approved for Tennessee Municipal Bond Fund
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Description
The Tennessee Municipal Bond Fund will serve as program administrator and receive a 0.15% annual administration fee on the outstanding principal as part of the Town of Walden's new municipal loan agreement.
Contract Details
Contract Amount
Annual administration fee: 0.15% of outstanding principal (from loan payments)
Vendor
TENNESSEE MUNICIPAL BOND FUND
Agency
Town of Walden, TN
Contract Type
FINANCIAL_SERVICES
Document Date
May 12, 2026
Contract Term
Until loan maturity (up to 25 years)
Renewal Info
Administration fee continues for the entire term of the loan (up to 25 years) and is based on the outstanding principal at each payment period.
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