Long-term loan of 12,500,000.00 PLN for Tarnów Municipality to cover 2026 budget deficit

Long-term loan of 12,500,000.00 PLN for Tarnów Municipality to cover the 2026 budget deficit and expenditures: Disbursement in tranches, with the last tranche no later than 31.12.2026. Capital repayment is scheduled as follows: 800,000.00 PLN in 2027, and 1,300,000.00 PLN annually from 2028 to 2036. The annual repayment amounts may change based on actual loan utilization after 31.12.2026. Repayment will be made in bimonthly installments, due on the last working day of February, April, June, August, October, and December, starting 26.02.2027. Interest for 2026 is payable as a lump sum on 31.12.2026; for 2027-2036, interest is paid with the capital installments. The interest rate is based on WIBOR 1M plus a fixed bank margin; if WIBOR 1M is negative, it will be set to 0.00 for interest calculation; if WIBOR 1M is liquidated, a replacement rate will be agreed upon. No other bank fees or commissions apply. Loan disbursement is free of charge. Loan security is provided by a blank promissory note. Partial loan utilization and early repayment without additional fees are possible. All settlements will be conducted in PLN. Counter-signature by the Treasurer is permitted. The municipality has no enforcement liens on its accounts, no overdue bank obligations, and has not undergone a recovery program. Budget reports are available online.

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