Get the free Notice of Sale of Bond Anticipation Notes

This document outlines the sale of $10,771,372 Bond Anticipation Notes for the City of Clifton, detailing the terms, submission process for proposals, and specifications of the notes being sold.

How to fill out notice of sale of

How to fill out Notice of Sale of Bond Anticipation Notes

1. Begin by obtaining the official form for the Notice of Sale from the appropriate authority.
2. Fill in the date of the sale at the top of the document.
3. Specify the name of the issuing entity and relevant bond details.
4. Include the purpose of the bond anticipation notes.
5. State the amount of the notes being offered for sale.
6. Provide the date and time for the sale, along with instructions on how bids should be submitted.
7. Indicate any additional terms and conditions relevant to the sale.
8. Review the completed document for accuracy and completeness.
9. Submit the Notice of Sale to the appropriate regulatory body and distribute it to potential bidders.

Who needs Notice of Sale of Bond Anticipation Notes?

1. Local government entities looking to finance projects through short-term borrowing.
2. Financial institutions and investors interested in purchasing bond anticipation notes.
3. Municipal financial advisors who assist clients with bond issues.

People Also Ask about

What is an example of a tax anticipation note?

Understanding Anticipation Notes These notes normally have maturities of one year or less and interest is payable at maturity rather than semiannually. The notes are rated by credit agencies (S&P and Moody's) to provide investors with indications of repayment risk.

How often do bond anticipation notes pay interest?

A Notice of Sale generally contains the date, time and place of sale, the Principal amount (and Maturity schedule), a description of the Bonds, the security pledged for the repayment of the Bonds, the amount of any Good Faith Deposit, the basis of award, the name of Bond Counsel, method of delivery and time and place

Do bond anticipation notes represent current or long-term liabilities?

A bond anticipation note (BAN) is a municipal bond whose payments (interest and principal payments) are secured by a future bond issuance. BANs are usually short-term, (< 1 year) and the bonds ''taking the BANs out'' are typically long-term (> 5 years).

What is the difference between NIC and TIC?

True interest cost (TIC) is the real total cost of taking out a loan. TIC is similar to net interest cost (NIC) in that it accounts for fees and charges; but unlike NIC, total interest cost also accounts for the time value of money (TVM).

What is the official notice of sale?

Definition: The notice of sale informs the public of the intent of a borrower to sell bonds in the near future and explains the terms of the new bond issuance.

What is a notice of sale?

In California, for example, the notice of sale must be sent 21 days before the sale and include the time, location, and date of the sale, as well as the property address, the foreclosure trustee's name, address, and phone number. Foreclosure auctions and trustee sales are required to be held in a public place.

What is the meaning of bond sale?

Markets allow lenders to sell their bonds to other investors or to buy bonds from other individuals — long after the original issuing organization raised capital. A bond investor does not have to hold a bond through to its maturity date.

What is a bond anticipation note?

Some examples of TANs include bonds tied to future property tax, sales tax and hotel occupancy tax. The main reason these bonds are issued is to help the town or city fill in financial gaps that come from the mismatch between the lumpiness of the tax collection and the smooth, year-round spending.

What is a notice of sale for bonds?

NCGA Interpretation 9 provides that bond anticipation notes are fund liabilities of governmental funds and current liabilities of proprietary funds unless steps have been taken to refinance the notes on a long-term basis.

For pdfFiller’s FAQs

What is Notice of Sale of Bond Anticipation Notes?

The Notice of Sale of Bond Anticipation Notes is a formal announcement issued by a governmental entity to inform potential investors about the upcoming sale of bond anticipation notes, which are short-term debt instruments issued to raise funds in anticipation of future bond sales.

Who is required to file Notice of Sale of Bond Anticipation Notes?

Typically, governmental units such as municipalities, school districts, or other public authorities that intend to issue bond anticipation notes are required to file a Notice of Sale.

How to fill out Notice of Sale of Bond Anticipation Notes?

To fill out the Notice of Sale, the issuer must include details such as the date and time of the sale, the amount of notes being offered, the purpose of the financing, interest rates, redemption provisions, and other relevant terms and conditions.

What is the purpose of Notice of Sale of Bond Anticipation Notes?

The purpose of the Notice of Sale is to provide transparency and information to potential investors, ensuring that they are aware of the details and terms of the bond anticipation notes being offered.

What information must be reported on Notice of Sale of Bond Anticipation Notes?

Essential information that must be reported includes the issuer's name, the amount and type of notes, sale date and time, bidding procedures, interest rates, maturity dates, and any specific terms or conditions related to the notes.