Empowerment Academy Charter School Board of Trustees Meeting Minutes 2026-05-14
Board Approves Guaranty Agreement With PNC Bank
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Description
The Board authorized a guaranty and suretyship agreement with PNC Bank, National Association, supporting an extension of credit to Friends of Quality Education, Inc. for initial costs associated with constructing school facilities. The resolution enables financing arrangements tied to facility development.
Contract Details
Vendor
PNC BANK NATIONAL ASSOCIATION
Agency
Empowerment Academy Charter School, NJ
Contract Type
FINANCIAL_SERVICES
Document Date
May 14, 2026
Renewal Info
Guaranty and suretyship agreement terms and duration are governed by the underlying credit facility with PNC Bank; specific renewal provisions were not detailed in the minutes.
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Empowerment Academy Charter School Board of Trustees Meeting Minutes 2026-05-14
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