BANS

Bond Anticipation Note

Create a summary of BANS to share with the group. Synthesize the information below into a helpful 1-mintue description.

● Purpose: Capital Facilities /
Construction
● Problem: Start building now, but tax
capacity AV) to sell long-term
bonds isnʼt ready yet.
● Solution: Short-term notes issued to
fund projects.
● Repayment: Paid off with the
proceeds of future General
Obligation GO Bond sale.