a.   Completed application with monthly and weekly cash flows (weekly cash flow for the month  with largest deficit).

b.   Borrowing Resolution adopted by school district's board of education.

c.   Completed wiring instructions (located at the end of the application).

d.   Most recently amended board-approved budget for fiscal year 2009-2010.

a.   August 4, 2009 - the Authority is scheduled to price the notes in the afternoon and will send an e-mail to the school district and note counsel with interest rate notification.

b.   August 5, 2009 by 10:00 A.M. - the school district notifies the Authority pursuant to the instructions in the e-mail of the acceptance of the interest rate.

c.   August 5, 2009 - the Authority will mail the purchase contract via overnight mail.  An Authorized Officer, as defined by the Borrowing Resolution, must sign three (3) copies of the contract.

d.   August 6, 2009 - a signed copy of the Purchase Contract must be faxed to the Authority by 4:00 p.m.

e.   On or before August 10, 2009 - one original signed copy of the purchase contract must be returned to the Authority pursuant to the instructions included in the Purchase Contract mailing.
 

a.   The Authority will deliver the forms of the closing documents to the school district's note counsel in advance of the closing date.

b.   Each school district must coordinate with its note counsel to complete all required closing documents and obtain the appropriate signatures on the closing documents.

c.   On or before August 17, 2009 - each school district's note counsel must deliver all required documents to the Authority.

d.   On the closing date, August 20, 2009, the Authority's trustee will wire note proceeds according to the instructions provided by the borrower.