vista-real-charter-high-districtmeeting-minutes2024-05-29_a0e.pdf
LLAC Short-Term Loan Option Approved for $1M
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Description
Board approved the option to obtain a promissory note loan from Lifelong Learning Administration Corporation up to $1 million for short-term cash flow during the 2024-2025 fiscal year.
Contract Details
Contract Amount
Up to $1,000,000 (interest at 6%, adjustable once per fiscal year)
Vendor
LIFELONG LEARNING ADMINISTRATION CORPORATION
Agency
Vista Real Charter High District, CA
Contract Type
FINANCIAL_SERVICES
Document Date
May 29, 2024
Contract Term
2024-2025 fiscal year
Renewal Date
2025-06-30
Renewal Info
Borrowing facility subject to annual board approval and market rate review.
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