County Weighs Role in UMary Bond Financing
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Description
Morton County is considering participating as a bank-qualified bond issuer for up to $10 million of a $60 million tax-exempt financing package arranged by Bravera Bank for University of Mary projects. The County would earn an issuer fee of up to $10,000 with no repayment obligation for the debt.
Contract Details
Contract Amount
Up to $60,000,000 tax-exempt financing (multi-issuer)
Vendor
BRAVERA BANK
Agency
Morton County, ND
Contract Type
FINANCIAL_SERVICES
Document Date
May 14, 2026
Renewal Info
Single bond issuance structure; Morton County may act as bank-qualified issuer for up to $10 million in 2026 within the federal limit, with no ongoing debt support obligations.
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Morton County Commission AgendaPacket 2026-05-26
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Morton County Commission AgendaPacket 2026-05-26
Morton County Commission AgendaPacket 2026-05-26
Morton County Commission AgendaPacket 2026-05-26
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