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APPLICATIONS ARE NOW AVALABLE FOR THE WINTER MNTAAB POOL

The Statewide Cash Flow Borrowing Pool

2011 MNTAAB Timeline:
  • September 14 Applications emailed to School Districts by Springsted
  • October 3 Return completed applications to Springsted
  • December 1 Pricing of the Certificates 
  • December 15  Districts receive proceeds
Click here for the application packet. Click here for the MNTAAB Application.

The MNTAAB program began in 1993 and is sponsored by the Minnesota School Boards Association (MSBA) and the regional service cooperatives.  The Minnesota Tax and Aid Anticipation Borrowing (MNTAAB) pool is available for all Minnesota school districts expecting a temporary cash flow shortfall.  As the financial advisor to the MNTAAB program, Springsted assists school districts to achieve a cost-effective and easy-to-administer alternative to stand-alone cash-flow borrowing.  Over the last 18 years, MNTAAB has been successful in keeping upfront costs reasonable by selling a large pooled issue, resulting in economies of scale and low interest rates.  The summer 2011 pool achieved an outstanding true interest rate of 0.365%.

Application materials for the winter 2011 Minnesota Tax and Aid Anticipation Borrowing (MNTAAB) pool will be sent to districts on September 14, 2011.  Application packets are also available at www.springsted.com/client-center.

For information about the MNTAAB statewide cash-flow borrowing pool or other cash flow borrowing needs, please contact one of the following Springsted representatives.

Patty Heminover
Stacy Childers
Don Lifto
John Will
Jan Morin
Alyssa Lehnertz

651-223-3058
651-223-3083
651-223-3067
651-223-3099
651-223-3017
651-223-3035

pheminover@springsted.com
schilders@springsted.com
dlifto@springsted.com
jwill@springsted.com
jmorin@sprinsted.com
alehnertz@springsted.com
 

MNTAAB - Cash Flow Borrowing

Applications for winter pool being accepted

 
Application materials for the winter 2011 Minnesota Tax and Aid Anticipation borrowing (MNTAAB) Pool are being accepted. The application and information packet can also be found under Client Center at www.springsted.com. All Minnesota school districts are welcome to participate in the MNTAAB pool.

MSBA and the Service Cooperatives are proud of their sponsorship of MNTAAB, which clearly has benefited Minnesota school districts. To find out how, contact Patty Heminover, 651-223-3058 or pheminover@springsted.com for more information.

MNTAAB - Cash Flow Borrowing

August 4, 2011

Application materials for the winter 2011 Minnesota Tax and Aid Anticipation borrowing (MNTAAB) can be found here.

MSBA and the Service Cooperatives are proud of their sponsorship of MNTAAB, which clearly has benefited Minnesota school districts. The pool has demonstrated over time that most school districts have been able to borrow less to achieve their net cash-flow target, pay lower interest costs on the debt, realize a lower net cost per day for cash-flow borrowing, and process the transaction with less administrative time. MNTAAB has consistently been the best value for cash flow borrowing for the vast majority of Minnesota school districts. For more information visit http://www.springsted.com/.