District Advances Early Payoff Of IBank Emergency Loan

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

State emergency loan lease agreement executed 2009–2010; scheduled payoff by October 2028, with proposed early payoff by August 2026

Renewal date

2028-10-31

Renewal

Original lease revenue bond financing provided for repayment through October 2028; district has adopted a resolution to defease and fully repay the remaining principal by August 2026, which would terminate the lease and related non-impairment provisions.

Document type

Agenda

Source document

California State Board of Education Agenda Item 09 2026-07-01

Related contracts

Other contracts from California Infrastructure and Economic Development Bank.

View all →

California State Board of Education StaffReport Proposed Formation of a New Greenfield Unified School District and New King City Unified School District 2026-07-01

ONGOING

California Virtual Academy at Maricopa District, CaliforniaOriginal lease revenue bonds totaling $14.4 million; outstanding principal $4,345,000 as of June 12, 2026Jul 1, 2026

California State Board of Education AgendaPacket Proposed Formation of a New Greenfield Unified School District and New King City Unified School District 2026-07-01

ONGOING

California Virtual Academy at Maricopa District, California$14,400,000 original lease revenue bonds; approximately $4,345,000 outstanding principal as of June 12, 2026Jul 1, 2026

California State Board of Education AgendaPacket Proposed Formation of a New Greenfield Unified School District and New King City Unified School District 2026-07-01

DISCUSSED

California Virtual Academy at Maricopa District, CaliforniaJul 1, 2026

Olivenhain Municipal Water District Agenda Packet 2026-05-20

PENDING

Olivenhain Municipal Water District, CaliforniaMay 20, 2026

State Water Resources Control Board Meeting Agenda February 2026

APPROVED

California State Water Resources Control Board, Californiaup to $158,475,000Feb 18, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by California Department of Education - California State Board of Education?

California Infrastructure and Economic Development Bank was awarded this financial services contract by California Department of Education - California State Board of Education, as recorded on July 1, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in California State Board of Education Agenda Item 09 2026-07-01 (Agenda), dated July 1, 2026 from California Department of Education - California State Board of Education. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does California Infrastructure and Economic Development Bank hold?

California Infrastructure and Economic Development Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View California Infrastructure and Economic Development Bank's profile

What is California Department of Education - California State Board of Education currently buying?

Explore California Department of Education - California State Board of Education's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View California Department of Education - California State Board of Education's profile