IBank State Emergency Loan Nears Early Payoff
California Virtual Academy at Maricopa DistrictSchool · Simi Valley, CA- Disclosed value
- Original lease revenue bonds totaling $14.4 million; outstanding principal $4,345,000 as of June 12, 2026
- From staffreport
- Document date
- Jul 1, 2026
- Renews
- Free account
The 30-second brief
South Monterey County Joint Union High School District continues to repay a state emergency loan financed through lease revenue bonds with the California Infrastructure and Economic Development Bank, originally totaling $14.4 million and now reduced to about $4.3 million in principal. The district plans early payoff by August 2026 to remove reorganization restrictions tied to the loan.
California Infrastructure and Economic Development Bank holds this financial services contract with California Virtual Academy at Maricopa District. Its other public contracts on record include work for City of Ione and California Department of Education - California State Board of Education.
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Contract details
- Contract type
- Financial Services
- Amount
- Original lease revenue bonds totaling $14.4 million; outstanding principal $4,345,000 as of June 12, 2026
- Document date
- July 1, 2026
- Term
- State emergency loan issued between July 2009 and April 2010; final repayment scheduled by October 2028 with bondholder payments through August 2029; South Monterey County JUHSD plans payoff by August 2026
- Renews
- On record
- Source document
- California State Board of Education StaffReport Proposed Formation of a New Greenfield Unified School District and New King City Unified School District 2026-07-01 (StaffReport)
California Infrastructure and Economic Development Bank's other public contracts
More California Virtual Academy at Maricopa District contracts
Questions about this contract
Who was awarded the financial services contract by California Virtual Academy at Maricopa District?
California Infrastructure and Economic Development Bank was awarded this financial services contract by California Virtual Academy at Maricopa District, as recorded on July 1, 2026. The contract value is Original lease revenue bonds totaling $14.4 million; outstanding principal $4,345,000 as of June 12, 2026.
How much is the California Infrastructure and Economic Development Bank contract with California Virtual Academy at Maricopa District worth?
The California Infrastructure and Economic Development Bank contract with California Virtual Academy at Maricopa District is valued at Original lease revenue bonds totaling $14.4 million; outstanding principal $4,345,000 as of June 12, 2026, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a staffreport record.
Where was this contract approved?
This contract appears in California State Board of Education StaffReport Proposed Formation of a New Greenfield Unified School District and New King City Unified School District 2026-07-01 (StaffReport), dated July 1, 2026 from California Virtual Academy at Maricopa District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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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.
What is California Virtual Academy at Maricopa District currently buying?
Explore California Virtual Academy at Maricopa District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.