Marin Community College District Agenda Regular Board Meeting 2026-06-16
Board Authorizes $30M Temporary Loan From County
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Description
The Board approved Resolution 2026-12 authorizing a temporary cash transfer agreement with the County of Marin for up to $30 million in fiscal year 2026-27. The funds will support district operations until the first property tax installment is received and then be repaid.
Contract Details
Contract Amount
Up to $30,000,000.00
Vendor
COUNTY OF MARIN
Agency
College Of Marin, CA
Contract Type
FINANCIAL_SERVICES
Document Date
June 16, 2026
Contract Term
Temporary cash transfer for 2026-27 fiscal year, to be repaid upon receipt of first property tax installment in December 2026
Renewal Date
2026-12-31
Renewal Info
One-year temporary cash transfer for FY 2026-27 to be repaid upon receipt of December 2026 property tax revenues; future similar transfers would require separate annual board authorization.
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RENEWEDMarin Community College District Agenda Regular Board Meeting 2026-06-16
DISCUSSEDMore from College Of Marin
Marin Community College District Agenda Regular Board Meeting 2026-06-16
Marin Community College District Agenda Regular Board Meeting 2026-06-16
Marin Community College District Agenda Regular Board Meeting 2026-06-16
Marin Community College District Agenda Regular Board Meeting 2026-06-16
Marin Community College District Agenda Regular Board Meeting 2026-06-16
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