RECOMMENDATION(S):
ADOPT Resolution No. 2021/22 approving a request by the Antioch Unified School District, Mt. Diablo Unified School District and the Pittsburg Unified School District to allow the school districts to issue tax revenue anticipation notes (TRANs) on their own behalf, pursuant to Government Code section 53853(b), in lieu of the County issuing TRANs for the school districts.
FISCAL IMPACT:
No fiscal impact to the County.
BACKGROUND:
Government Code section 53853(a) provides that a County shall issue tax and revenue anticipation notes (TRANs) on behalf of a school district within 45 days of a school district making such a request by resolution. Should a County not issue TRANs within the 45 day period or decline to issue the TRANs, the requesting school district may issue the TRANs on it's own behalf.
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