Board Approves $12 Million Credit Line with Bank of Montreal
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Description
Renfrew County District School Board approved a borrowing resolution authorizing up to $12 million in credit from Bank of Montreal, Pembroke, to manage 2024 expenses until revenues are received. Board signing officers are empowered to execute all relevant documents and agreements.
Contract Details
Contract Amount
Not to exceed $12,000,000
Vendor
BANK OF MONTREAL
Agency
A J Charbonneau Elementary Public School, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
November 15, 2023
Contract Term
For 2024 (until revenues are collected)
Renewal Date
2024-12-31
Renewal Info
Annual authorization; typically renewed or amended each fiscal year depending on cash flow needs.
More from BANK OF MONTREAL
More from A J Charbonneau Elementary Public School
Renfrew County District School Board Committees Agenda February 13, 2024
Renfrew County District School Board Meeting Minutes December 2023
Renfrew County District School Board Meeting Agenda November 2023
Renfrew County District School Board Meeting Minutes November 2023
Renfrew County District School Board Committees Agenda November 2023
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