FINANCIAL_SERVICESAMENDED

Magnolia Public Schools Intraorganization Loan Agreements May 2026

MSA-OC adjusts terms on $3.7M intraorganization loan

Not to exceed approximately $3,700,000Magnolia Science Academy Bell DistrictMAGNOLIA SCIENCE ACADEMY–ORANGE COUNTYMay 20, 2026

Trusted by teams at

Description

Magnolia Science Academy–Orange County restructures its intraorganization loan from MERF, keeping a balance of up to approximately $3.7 million at 4% interest with a new repayment deferral through mid-2027 and final maturity in 2032. The adjusted schedule is designed to support the school’s cash flow and operational stabilization.

Contract Details

Contract Amount

Not to exceed approximately $3,700,000

Vendor

MAGNOLIA SCIENCE ACADEMY–ORANGE COUNTY

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

Amendment of the intraorganization loan agreement dated December 11, 2025, extending and revising repayment schedule and maturity to June 30, 2032.

More from MAGNOLIA SCIENCE ACADEMY–ORANGE COUNTY