IBank Letter Limits Options for Loan Reorganization
California Virtual Academy at Maricopa DistrictSchool · Simi Valley, CA- Document date
- Jul 1, 2026
The 30-second brief
In a 2017 letter, the California Infrastructure and Economic Development Bank advised South Monterey County Joint Union High School District that defeasing its lease revenue bonds is the only practical method to enable unification without breaching the loan’s Non-Impairment Provision. The guidance effectively rules out amending the lease to permit reorganization.
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
- Document date
- July 1, 2026
- Source document
- California State Board of Education AgendaPacket Proposed Formation of a New Greenfield Unified School District and New King City Unified School District 2026-07-01 (AgendaPacket)
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 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.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in California State Board of Education AgendaPacket Proposed Formation of a New Greenfield Unified School District and New King City Unified School District 2026-07-01 (AgendaPacket), dated July 1, 2026 from California Virtual Academy at Maricopa District. 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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