PRAGA Seeks $300,000 Short-Term Loan from SSJWD

The Paso Robles Area Groundwater Authority proposes a loan agreement with Shandon San Juan Water District for up to $300,000 in short-term gap funding to cover FY 2026-2027 operating costs until groundwater sustainability fee revenues are collected. The loan, effective August 1, 2026, bears interest at 1% above the California CLASS rate and is secured by pledged rate revenues, with repayment due by June 30, 2027.

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $300,000

Contract type

FINANCIAL_SERVICES

Contract term

Effective August 1, 2026; repayment due no later than June 30, 2027

Renewal date

2027-06-30

Renewal

Single-term short-term loan with final maturity on June 30, 2027; prepayment allowed without penalty and no renewal or extension terms specified.

Document type

StaffReport

Source document

Paso Robles Area Groundwater Authority Staff Report Authorize Loan Agreement with Shandon San Juan Water District for Short-Term Gap Funding for Fiscal Year 2026-2027 2026-07-22

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Shandon-San Juan Water District?

Shandon San Juan Water District was awarded this financial services contract by Shandon-San Juan Water District, as recorded on July 22, 2026. The contract value is Not to exceed $300,000.

How much is the Shandon San Juan Water District contract with Shandon-San Juan Water District worth?

The Shandon San Juan Water District contract with Shandon-San Juan Water District is valued at Not to exceed $300,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a staffreport record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Paso Robles Area Groundwater Authority Staff Report Authorize Loan Agreement with Shandon San Juan Water District for Short-Term Gap Funding for Fiscal Year 2026-2027 2026-07-22 (StaffReport), dated July 22, 2026 from Shandon-San Juan Water District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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