FINANCIAL_SERVICESPENDING

Union Bank offers tax anticipation credit line

Union Bank offers Lake Region Union High School a $2,097,364 non-revolving line of credit tax anticipation loan at a fixed 4.99% interest rate for fiscal year 2027. Under the district’s projected cash flows, the line of credit option would generate about $18,904 in interest expense.

Status
PENDING
Document date
June 15, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Union Bank
Agency
Lake Region Union Elementary Middle School Distric · VT

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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

Scope & details

The full contract record, as filed.

Contract amount
$2,097,364.00
Contract type
FINANCIAL_SERVICES
Contract term
July 1, 2026 – June 30, 2027 (12 months)
Renewal date
2027-06-30
Renewal
Single-year non-revolving tax anticipation line of credit maturing June 30, 2027; any continuation beyond that date would require new approval and documentation.
Document type
Proposal
Source document
Union Bank Tax Anticipation Loan Proposal 2026-06-15

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Lake Region Union Elementary Middle School Distric?

Union Bank was awarded this financial services contract by Lake Region Union Elementary Middle School Distric, as recorded on June 15, 2026. The contract value is $2,097,364.00.

How much is the Union Bank contract with Lake Region Union Elementary Middle School Distric worth?

The Union Bank contract with Lake Region Union Elementary Middle School Distric is valued at $2,097,364.00, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a proposal record.

Where was this contract approved?

This contract appears in Union Bank Tax Anticipation Loan Proposal 2026-06-15 (Proposal), dated June 15, 2026 from Lake Region Union Elementary Middle School Distric. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Union Bank hold?

Union Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Lake Region Union Elementary Middle School Distric currently buying?

Explore Lake Region Union Elementary Middle School Distric's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Lake Region Union Elementary Middle School Distric's profile

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