MNTAAB Cashflow Borrowing

The Minnesota Tax and Aid Anticipation borrowing (MNTAAB) pool is available for all Minnesota School districts expecting a temporary cash-flow shortfall. The MNTAAB program, sponsored by the Minnesota School Boards Association (MSBA) and the regional service cooperatives, began in 1993. 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. With an over 20-year proven track record, MNTAAB keeps upfront costs reasonable by selling a large pooled issue, resulting in economies of scale and low interest rates. The summer 2014 pool achieved an outstanding true interest rate of 0.247%.

APPLICATIONS ARE NOW AVALABLE FOR THE SUMMER MNTAAB POOL
June 24, 2015 - Applications are due
September 9, 2015 - Districts receive funds
September 15, 2016 - Districts repay funds

If you have concerns about these dates, please contact Springsted at (651) 223-3000. MNTAAB applications are available to all Minnesota school districts online:
  • Extremely low interest rates
  • Reduces administrative time
  • Cost-effective
  • 20 years proven track record
  • Web-based application
To Apply:
For information about the MNTAAB statewide cash-flow borrowing pool or other cash flow borrowing needs, please contact one of the following Springsted representatives:
Stacy Childers | 651-223-3083 | schilders@springsted.com
Patty Heminover | 651-223-3058 | pheminover@springsted.com