GRANT ANTICIPATION NOTES – FUND CAPITAL PROJECTS ON YOUR TIMELINE

This session features Cyrus Torabi of Kutak Rock LLP, who will guide attendees through the strategic advantages of using Grant Anticipation Notes (GANs) to accelerate local infrastructure goals. Many park districts find their capital projects stalled while waiting for state or federal grant disbursements or are hesitant to deplete their own cash reserves while awaiting reimbursement. Mr. Torabi will explain how GANs provide a reliable bridge, allowing districts to finance and initiate critical work on their own preferred schedule. By the end of the presentation, participants will understand the legal mechanisms and practical steps necessary to take full control of their project timelines.

Learning Outcomes

• Analyze Financial Flexibility: Explore how Grant Anticipation Notes allow districts to fund projects immediately, avoiding the delays often associated with grant cycles and reimbursement periods.
• Understand Regulatory Frameworks: Gain insights into the specific legal authority and statutory requirements for issuing these notes from an expert in the field.
• Review Practical Applications: Identify best practices and potential pitfalls through a real-world case study detailing the successful implementation of GANs for capital improvements.