Lawrence Public Schools Board of Education Minutes 2026-06-08
State Aid Note Borrowing Approved from Michigan Finance Authority
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Description
Lawrence Public Schools Board approved a 2026-2027 State Aid Note borrowing with the Michigan Finance Authority for an amount not to exceed $1,000,000. This annual measure provides cash flow support to the district.
Contract Details
Contract Amount
Not to exceed $1,000,000
Vendor
MICHIGAN FINANCE AUTHORITY
Agency
Lawrence Public School District, MI
Contract Type
FINANCIAL_SERVICES
Document Date
June 8, 2026
Contract Term
2026-2027 fiscal year
Renewal Date
2027-06-30
Renewal Info
Annual recurring borrowing; renewal considered each budget cycle.
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