Rockford Mass Transit District Board of Trustees Board Meeting Agenda 2026-05-27
RMTD Considers $1.5M Line of Credit with UMB Bank
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Description
Rockford Mass Transit District will consider authorizing a line of credit loan agreement of up to $1,500,000 with UMB Bank to support operating cash flow for the transit system. The agreement will provide short-term financing flexibility for District operations.
Contract Details
Contract Amount
up to $1,500,000
Vendor
UMB BANK
Agency
Rockford Mass Transit District, IL
Contract Type
FINANCIAL_SERVICES
Document Date
May 27, 2026
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