Taking out a short-term loan in anticipation of repaying it with additional revenue resources expected to come during the current fiscal year. The money to pay back the loan could come from general revenue, tax collection, grant receipt, or the issuance of bonds.
Related information about interim borrowing:
- eMuni Glossary of Municipal Bond Terms
Interim Borrowing. (1) Short-term loans to be repaid from general revenues or tax collections during the current fiscal year (TRANs or RANs); (2) short-term loans ...
- What is interim financing? definition and meaning
Definition of interim financing: Short-term financing issued in anticipation of longer-term financing. also called interim borrowing.
- What is interim certificate? definition and meaning
interim certificate. interim borrowing · interim dividend. Definition. A provisional document certifying the purchase of stock or bond certificates that has yet to be ...
- MRWFA Interim Financing Borrower Letter
We hope you will consider the Minnesota Rural Water Finance Authority for your interim borrowing needs. The following points describe the financing steps.
- UPDATE 1-Mich. judge won't reconsider dismissal of Detroit suit ...
Jul 11, 2012 ... bonds that will replace an $80 million interim borrowing. However, Michigan officials have warned that future challenges by Detroit to the ...
- UPDATE 1-Payment extension on short-term debt sought for Detroit ...
Jun 29, 2012 ... Friday that a payment on an interim borrowing for cash-strapped. Detroit could be extended as plans for a longer-term bond sale to replace it ...
- Long Bridge Park - Arlington County Civic Federation
interim borrowing and net operating cost subsidy, is projected to be in the range of $7M per year in its initial years; and. WHEREAS, the impact of Phase II on ...
- Section 108 Loans
Financing between public offerings is provided through an interim lending facility established by HUD. Interest Rates: Interest rates on interim borrowing are ...