Magnolia Public Schools Intraorganization Loan Agreements May 2026
Magnolia Bell amends $3.7M intraorganization loan
Trusted by teams at
Description
Magnolia Science Academy-Bell(8) amends its intraorganization loan agreement to provide up to approximately $3.7 million to Magnolia Educational & Research Foundation at 4% interest, with repayments deferred until mid-2027 and maturity in 2032. The revised terms align repayments with organizational cash flow and include quarterly installments and subordination to outside lenders.
Contract Details
Contract Amount
Not to exceed approximately $3,700,000
Vendor
MAGNOLIA SCIENCE ACADEMY-BELL(8)
Agency
Magnolia Science Academy Bell District, CA
Contract Type
FINANCIAL_SERVICES
Document Date
May 20, 2026
Contract Term
Interest accrues beginning January 1, 2026; no payments due January 1, 2026–June 30, 2027; quarterly payments starting July 1, 2027; loan matures June 30, 2032
Renewal Date
2032-06-30
Renewal Info
Amends and restates repayment terms of the intraorganization loan approved January 16, 2025 and formalized December 11, 2025; extends maturity to June 30, 2032 with a revised deferral period and quarterly amortization schedule.
More from MAGNOLIA SCIENCE ACADEMY-BELL(8)
Related Contracts
Magnolia Public Schools AgendaPacket Approval of Resolutions for Restructuring and New Intra-Organization Loans 2026-05-21
AMENDEDMagnolia Public Schools AgendaPacket Approval of Resolutions for Restructuring and New Intra-Organization Loans 2026-05-21
AMENDEDMagnolia Public Schools Intraorganization Loan Agreements May 2026
AMENDEDMore from Magnolia Science Academy Bell District
Magnolia Public Schools Board Agenda May 21 2026
Magnolia Public Schools Board Agenda May 21 2026
Magnolia Educational & Research Foundation Board Resolutions May 2026
Magnolia Educational & Research Foundation Board Resolutions May 2026
Magnolia Public Schools Intraorganization Loan Agreements May 2026
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.