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Can a district still request approval for a loan without a proposal from the bank of choice stating the total interest costs?

April 26, 2017Approval Bank costs district loan proposal request stating total

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Can a district still request approval for a loan without a proposal from the bank of choice stating the total interest costs?

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A – Yes, however, the state will not approve for reimbursement of interest without a bank proposal letter at time of application. (See Q5 for repayment of loan when interest is not approved.