Barre Town Supervisory District Policy Manual
TITLE: Tax Anticipation Notes CODE: DCA
It may be necessary to borrow funds at the beginning of each fiscal year in anticipation of the collection and receipt of taxes levied or assessments for that fiscal year.
If such borrowing takes place, the bid
procedures as outlined in the purchasing policy (DJB) must be followed.
Any funds obtained through such notes
shall be kept in full compliance with all Federal and State tax codes.
Initial Policy: 5/24/00