Laserfiche WebLink
rA <br />LM <br />TAX ANTICIPATION NOTES <br />(Schools Only) <br />SCHEDULES <br />Tax anticipation notes are issued in anticipation of the collection of the proceeds of a property tax levy. The amount of money <br />required to cover debt service must be deposited into a bond retirement fund, from collections and distribution of the tax levy, in the <br />amounts and at the times required to pay those debt charges as provided in the legislation authorizing the tax anticipation notes. <br />(ORC Section 133.24) <br />The appropriation to the fund which normally receives the tax levy proceeds is limited to the balance available after deducting the <br />amounts to be applied to debt service. <br />After the issuance of general obligation securities or of securities to which section 133.24 of the ORC applies, the taxing authority of <br />the subdivision shall include in its annual tax budget, and levy a property tax in a sufficient amount, with any other monies available <br />for the purpose, to pay the debt charges on the securities payable from property tax. (ORC Section 133.25) <br />Amount Of Debt Servbe To Be APWDWed To The <br />FolbwbV Seftk mein ts: <br />Name Of <br />Tax Anticipation <br />Note Issue <br />Name Of <br />Tax Anticipation <br />Note Issue <br />Amount Mgjhod To Meet Budget Year Pri l*d & <br />hde►est <br />Principal Due <br />June Tangible <br />Principal Due Date <br />October Tangible <br />Interest Due <br />Total <br />Interest Due Date <br />Name Of Fund To Be Charged <br />Interest Due <br />Interest Due Date <br />Total <br />Name Of The Special Debt Service Fund <br />Amount Of Debt Servbe To Be APWDWed To The <br />FolbwbV Seftk mein ts: <br />February Real <br />Au ust Real <br />June Tangible <br />October Tangible <br />Total <br />Name Of Fund To Be Charged <br />Revised 3-2004 <br />