Monroe Public Schools Agenda Approval To Participate In The Michigan Finance Authority (Mfa) State Aid Note Program 2026-06-23
District Considers MFA State Aid Note Participation
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Description
Monroe Public Schools is considering participation in the Michigan Finance Authority 2026 State Aid Note Program for short-term borrowing up to $9 million to address cash flow needs. The Board agenda item requests approval of this financial arrangement for the upcoming fiscal year.
Contract Details
Contract Amount
Not to exceed $9,000,000
Vendor
MICHIGAN FINANCE AUTHORITY
Agency
Jefferson Schools (Monroe), MI
Contract Type
FINANCIAL_SERVICES
Document Date
June 23, 2026
Contract Term
2026 State Aid Note Program (short-term borrowing within FY 2026)
Renewal Date
2026-12-31
Renewal Info
Annual participation in the MFA State Aid Note Program; this item pertains to the 2026 program year only.
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