Two Rivers Supervisory Union Proposal Fiscal Year 2027 Tax/Revenue Anticipation Note Financing 2026-06-04
Line of Credit Proposal for FY27 School District Notes
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Description
Community Bank, N.A. has submitted a proposal to provide a non-revolving line of credit totaling $3.5 million to the Two Rivers Supervisory Union for fiscal year 2027 tax/revenue anticipation notes. The proposal features a 4.00% interest rate, requires maintenance of operating accounts, and does not include bank fees. The offer is pending acceptance before June 20, 2026, with final terms subject to school board approval and legal opinion.
Contract Details
Contract Amount
$1,500,000 (Ludlow Mt. Holly Unified Union School District); $2,000,000 (Green Mountain Unified School District)
Vendor
COMMUNITY BANK N.A.
Agency
Green Mountain Unified School District, VT
Contract Type
FINANCIAL_SERVICES
Document Date
June 4, 2026
Contract Term
On or after July 1, 2026 – On or before June 30, 2027
Renewal Date
2027-06-30
Renewal Info
N/A. One-year non-revolving financing with option for early repayment, no stated renewal provisions.
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