JOIN THE ARBOR DAY FOUNDATION AND RECEIVE 10 FREE TREES
Everyone who joins the Arbor Day Foundation in September will receive 10 free trees as part of the Foundation’s Trees for America program. Through Trees for America, everyone is encouraged to plant trees, which benefit the environment and improve the quality of life. With nearly 1 million members and supporters, the Arbor Day Foundation is the nation’s largest nonprofit organization dedicated to planting trees. Everyone who joins this month will receive one of the following tree packages based on their location: 10 Arizona cypress, 10 live oak or 10 mixed trees, including eastern redbud, white pine, sugar maple, white flowering dogwood, pin oak, red maple, river birch, silver maple, northern red oak and Colorado blue spruce. “These trees are carefully selected to yield year-round benefits, including beautiful spring flowers, cool summer shade, spectacular autumn colors, winter berries and nesting sites for songbirds,” said Matt Harris, chief executive of the Arbor Day Foundation. To receive the 10 free trees, visit arborday.org/September or send a $10 membership contribution by Sept. 30 to: Arbor Day Foundation, Ten Trees, 100 Arbor Ave., Nebraska City, NE 68410.
COMPTROLLER ANNOUNCES HIGH DEMAND FOR TEXAS SHORT-TERM NOTES
Texas Comptroller Glenn Hegar recently announced the sale of $8 billion in Texas Tax and Revenue Anticipation Notes (TRAN) received a net interest rate of 1.34%. “Texas remains a very solid investment and we are pleased with the market’s reaction to this sale,” Hegar said. “A net interest rate of 1.34% on what is essentially a 1-year note, while 1-year treasury notes are yielding about 1.7%, is indicative of Texas’ strong credit and track record of responsible fiscal management. That’s clearly very appealing to market participants in the current interest-rate environment.” The comptroller’s office received 67 bids worth $22.77 billion, 2.85 times the amount offered for sale. Money from the sale of the TRAN is used to help fund expenditures such as public-school payments made early in the fiscal year, before the arrival of tax revenues later in the year. The $8 billion in notes from the sale will be repaid Aug. 27, 2020.