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This Official Statement provides detailed information regarding the issuance of $1,030,000 Bond Anticipation Notes by the Village of Liberty, including the terms of the notes, tax implications, and associated legal opinions. The document outlines the responsibilities of the Village regarding the payment of principal and interest, as well as potential risks and market conditions affecting the notes.
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How to fill out bond anticipation notes

01
Determine the purpose of the bond anticipation notes.
02
Gather necessary financial documents and project details.
03
Consult with a financial advisor or municipal bond attorney.
04
Prepare a resolution to approve the issuance of bond anticipation notes.
05
Draft the official statement outlining details of the note issuance.
06
Set the terms of the notes, including interest rate and maturity date.
07
Submit the bond anticipation notes for competitive bidding or direct sale.
08
Complete any necessary forms and disclosures for regulatory compliance.
09
Undergo a credit rating assessment if applicable.
10
Issue the notes and ensure proper use of funds as outlined.

Who needs bond anticipation notes?

01
Municipalities seeking short-term financing for capital projects.
02
Organizations anticipating long-term bond issuance but need immediate funds.
03
Local governments looking to bridge funding gaps.
04
Public agencies preparing for upcoming expenditures that require prompt funding.
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Bond anticipation notes (BANs) are short-term debt instruments issued by municipalities to finance projects until longer-term bonds can be issued.
Municipalities that issue bond anticipation notes are required to file them.
To fill out bond anticipation notes, municipalities must provide details such as the purpose of the note, amount, interest rate, and maturity date.
The purpose of bond anticipation notes is to provide interim financing for projects that will be funded through long-term bond issuances.
Information that must be reported includes the amount, interest rate, maturity date, purpose of issuance, and the paying agent.
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