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Fiscal agency agreement

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Fiscal agency agreement
An alternative to a bond trust deed. Unlike the trustee, the fiscal agent acts as a representative of the borrower.


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reduce the proportion of the principal amount of notes of a series the vote or consent of the holders of which is necessary to modify, amend or supplement the fiscal agency agreement governing the notes or the terms and conditions of the notes of a series,
Pursuant to the fiscal agency agreement to be executed by the issuer, town, library and fiscal agent, the annual tax will be paid by the town directly to the fiscal agent.
Through the fiscal agency agreement, the county is required to deposit TAN payments 15 days prior to the repayment date.
 
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