Magnolia Public Schools Staff Report Grant Awards March 2026
Charter School Facilities Grant Approved for Magnolia Science Academy 6
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Description
The California School Finance Authority awarded Magnolia Science Academy 6 a $299,722.92 facilities incentive grant over three years to support eligible Proposition 39 facilities expenses. The school board approved the agreement covering July 1, 2025 through June 30, 2028.
Contract Details
Contract Amount
$299,722.92 (3-year total award), $99,907.64 annually
Vendor
CALIFORNIA SCHOOL FINANCE AUTHORITY
Agency
Magnolia Elementary, CA
Contract Type
FINANCIAL_SERVICES
Document Date
March 8, 2026
Contract Term
July 1, 2025 – June 30, 2028 (36 months)
Renewal Date
2028-06-30
Renewal Info
Agreement does not auto-renew. Extensions or amendments require written approval by both parties. Term may be amended by Authority at its discretion.
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