Upper Canada District School Board Agenda Regular Board Meeting 2026-06-10
$20M Short-term Credit Facility Approved with RBC Royal Bank
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Description
The Board approved a $20 million short-term credit facility with RBC Royal Bank to support cash flow for capital projects until Ministry of Education funding is received during 2026-27.
Contract Details
Contract Amount
$20,000,000
Vendor
RBC ROYAL BANK
Agency
R Tait McKenzie Public School, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
June 10, 2026
Contract Term
2026-27 fiscal year
Renewal Date
2027-06-30
Renewal Info
Facility unchanged from prior year. Term aligns with conclusion of 2026-27 fiscal year or upon reimbursement from Ministry.
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