Rio Hondo College Regular Board Meeting Agenda May 2026
District OKs Sale of Delinquent Tax Receivables
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Description
Rio Hondo College approved Resolution No. 051326-6 authorizing the sale of certain delinquent property tax receivables for FY 2026–2028 to the California Statewide Delinquent Tax Finance Authority at a minimum premium of 110% of face value. The agreement is intended to improve district cash flow through a joint powers financing program.
Contract Details
Contract Amount
Purchase price at least 110% of amount of delinquent tax receivables for each year 2026, 2027, and 2028
Vendor
CALIFORNIA STATEWIDE DELINQUENT TAX FINANCE AUTHORITY
Agency
Rio Hondo College, CA
Contract Type
FINANCIAL_SERVICES
Document Date
May 13, 2026
Contract Term
Fiscal years ending June 30, 2026, 2027, and 2028
Renewal Date
2028-06-30
Renewal Info
Covers assignments for three fiscal years ending June 30, 2026, 2027, and 2028; future participation beyond 2028 would require a new resolution.
More from CALIFORNIA STATEWIDE DELINQUENT TAX FINANCE AUTHORITY
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Rio Hondo College Regular Board Meeting Agenda May 2026
Rio Hondo College Regular Board Meeting Agenda May 2026
Rio Hondo College Regular Board Meeting Agenda May 2026
Rio Hondo College Regular Board Meeting Agenda May 2026
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