District Advances Early Payoff Of IBank Emergency Loan
California State Board of Education | State of CaliforniaState · Sacramento, CA- Document date
- Jul 1, 2026
- Renews
- Free account
The 30-second brief
South Monterey County Joint Union High School District continues to service a state emergency loan financed through a lease agreement with the California Infrastructure and Economic Development Bank, originally issued around 2009–2010 and collateralized by Greenfield High School. The district plans to defease the remaining roughly $4.5 million by August 2026, ahead of the original October 2028 schedule, to remove legal barriers to reorganization.
California Infrastructure and Economic Development Bank holds this financial services contract with California State Board of Education | State of California. Its other public contracts on record include work for City of Ione and California Virtual Academy at Maricopa District.
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Contract details
- Contract type
- Financial Services
- Document date
- July 1, 2026
- Term
- State emergency loan lease agreement executed 2009–2010; scheduled payoff by October 2028, with proposed early payoff by August 2026
- Renews
- On record
- Source document
- California State Board of Education Agenda Item 09 2026-07-01 (Agenda)
California Infrastructure and Economic Development Bank's other public contracts
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Questions about this contract
Who was awarded the financial services contract by California State Board of Education | State of California?
California Infrastructure and Economic Development Bank was awarded this financial services contract by California State Board of Education | State of California, as recorded on July 1, 2026.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record.
Where was this contract approved?
This contract appears in California State Board of Education Agenda Item 09 2026-07-01 (Agenda), dated July 1, 2026 from California State Board of Education | State of California. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
What other contracts does California Infrastructure and Economic Development Bank hold?
California Infrastructure and Economic Development Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
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