Hazen Union #26 School District Proposal Tax Anticipation Loan 2026-06-08
Union Bank Offers $1.2M Line of Credit Option to Hazen Union
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Description
Union Bank presented a non-revolving line of credit option of $1,200,000 at a 4.99% fixed rate to Hazen Union #26 School District for a one-year term. Board decision and document execution are pending.
Contract Details
Contract Amount
$1,200,000.00
Vendor
UNION BANK
Agency
Hazen UHSD 26, VT
Contract Type
FINANCIAL_SERVICES
Document Date
June 8, 2026
Contract Term
July 1, 2026 – June 30, 2027 (12 Months)
Renewal Date
2027-06-30
Renewal Info
Line of credit matures June 30, 2027; no explicit renewal or extension options mentioned. Prepayment permitted without penalty.
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