OSBA’s pooled short-term borrowing program offers participating school districts, ESDs and community colleges a low-cost, straightforward method of meeting short-term cash flow deficits at no or at a substantially reduced net cost to taxpayers.

Reductions in State funding, changes in timing of State disbursements and legislative changes authorizing borrowings over a fiscal year (for up to 13 months), led OSBA in 2003 to modify its TanPool program. For the foreseeable future, the availability of TAN funds will be on an as needed basis, rather than once per year.

For complete information contact Angie Peterman at OSBA, (503) 588-2800 or 1-800-578-6722, or Carol Samuels or Javier Fernandez at Seattle-Northwest Securities, (503) 275-8309.

2008 Program Memorandum (23k )

2008 Program Description (106k )

2008 Submission Instructions (52k )

OSBA's financial programs are available to all Oregon school districts, education service districts and community colleges who are members of OSBA.