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11:30am LearnPad Informational Seminar

• Jun 3rd

9:00am Annual Health & Safety Levy Meeting

• Jun 7th

9:00am Paraprofessional Exam

• Jun 10th

8:30am Year 1 Leadership Academy Training - Domain I: Framework and Protocol for Instruction

• Jun 11th

8:30am Year 1 Leadership Academy Training - Domain I: Framework and Protocol for Instruction

9:00am GPS - How to Create an Interactive Unit using your GPS or iPad!

• Jun 12th

8:30am Using Daily Five in your Primary Classroom

MNTAAB Cash Flow Borrowing - Top Questions
MNTAAB Borrowing Pool - Results

2012 MNTAAB Timeline:

• Applications made available to School Districts at www.springsted.com
  • September 13, 2012 

Step 2

• School Districts complete online application materials and submit supporting documents to Springsted.
  • 2 weeks prior to meeting or no later than September 28, 2012

Step 3

• Springsted calculates School District’s borrowing limits and determines borrowing amount in consultation with District officials.
  • After Receipt of Application

• School Districts
  • Adopt resolution (sent directly to the District from Bond Counsel) 
  • Complete the MN School District Credit Enhancement Program Application 
    • From September 17 to October 18, 2012

• School Districts return signed original Resolution and Closing Documents to Springsted.
  • October 22, 2012 District Staff

• Certificate sale day.
  • Interest rate set
  • Signatures required by Superintendent, Business Manager, Chair or Clerk.
  • No formal Board action necessary.
    • November 27, 2012 

• 2012 Certificate proceeds deposited into the District’s designated account.
  • December 11, 2012 

• Final 2012 Certificate documents delivered to Districts.
  • April 2013

Step 12

• Funds due to Trustee for repayment of 2012 Certificates.
  • September 5, 2013

• 2012 Certificates mature.
  • September 10, 2013

MNTAAB has gone through significant updates to reduce your administrative time. The new web-based application is for ALL Minnesota school districts expecting a temporary cash flow shortfall.
MNTAAB applications are now available to all Minnesota school districts online.

• Applications now being accepted for the August 2012 - September 2013 school year
• Extremely low interest rates
• Reduces administrative time
• Cost-effective
• 19 years proven track record
• Web-based application

 To access:

• Go to www.springsted.com
• Click on the "Client Center" button under Frequently Used Resources in the upper right hand portion of the page
• Click on Minnesota Tax and Aid Anticipation Borrowing (MNTAAB) Pool 2012
• Click on the application link

For additional information or to receive your login information, contact Patty Heminover at 651-223-3058 or Stacy Childers at 651-223-3083.

About MNTAAB
The MNTAAB program began in 1993 and is sponsored by MSBA and the regional service cooperatives. Springsted, as the financial advisor to the MNTAAB program, assists school districts to achieve a cost-effective alternative to stand-alone cash flow borrowing. Over the last 19 years, MNTAAB had been successful in keeping upfront costs reasonable by selling a large pooled issue, resulting in economies of scale and low interest rates.