Magnolia Educational & Research Foundation Board Resolutions May 2026
New $800K loan from MSA-6 to MERF approved
Trusted by teams at
Description
The MERF Board approved a new intraorganization loan agreement for Magnolia Science Academy-6 to lend MERF up to $800,000 at 4.0% interest. Payments are deferred until mid-2027, with quarterly repayments through June 30, 2032.
Contract Details
Contract Amount
Not to exceed $800,000
Vendor
MAGNOLIA SCIENCE ACADEMY-6
Agency
Magnolia Science Academy Bell District, CA
Contract Type
FINANCIAL_SERVICES
Document Date
May 20, 2026
Contract Term
Interest from July 1, 2026; no payments due July 1, 2026–June 30, 2027; quarterly payments starting July 15, 2027; loan matures June 30, 2032
Renewal Date
2032-06-30
Renewal Info
New intraorganization loan agreement with maturity on June 30, 2032 and payment deferral through June 30, 2027; future amendments and subordination are authorized per the agreement.
More from MAGNOLIA SCIENCE ACADEMY-6
Related Contracts
Magnolia Public Schools AgendaPacket Approval of Resolutions for Restructuring and New Intra-Organization Loans 2026-05-21
APPROVEDMagnolia Public Schools Intraorganization Loan Agreements May 2026
APPROVEDMore from Magnolia Science Academy Bell District
Magnolia Educational & Research Foundation Board Resolutions May 2026
Magnolia Public Schools Intraorganization Loan Agreements May 2026
Magnolia Public Schools Intraorganization Loan Agreements May 2026
Magnolia Public Schools Intraorganization Loan Agreements May 2026
Magnolia Public Schools Intraorganization Loan Agreements May 2026
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.