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FINANCIAL_SERVICESAPPROVED

maricopa_community_college_district_governing_boar.pdf

ABOR IGA Secures $1.44M Promise Fund Allocation

$1,444,890.00South Mountain Community CollegeARIZONA BOARD OF REGENTS (ABOR)September 23, 2025

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TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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TerraCycle logo
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Description

The Governing Board approved an intergovernmental agreement with the Arizona Board of Regents to participate in the FY2026 Arizona Community College Promise Fund, securing $1,444,890 for need-based student financial aid. Funds will cover tuition, fees, course materials, and related educational costs during the 2025–26 academic year.

Contract Details

Contract Amount

$1,444,890.00

Vendor

ARIZONA BOARD OF REGENTS (ABOR)

Agency

South Mountain Community College, AZ

Contract Type

FINANCIAL_SERVICES

Document Date

September 23, 2025

Contract Term

FY2026 (academic year 2025–26)

Renewal Date

2026-06-30

Renewal Info

Agreement covers FY2026 participation; future years would require separate agreements or amendments.

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