IBank Lease Financing Tied to State Emergency Loan
California Virtual Academy at Maricopa DistrictSchool · Simi Valley, CA- Disclosed value
- $14,400,000 original lease revenue bonds; approximately $4,345,000 outstanding principal as of June 12, 2026
- From agendapacket
- Document date
- Jul 1, 2026
- Renews
- Free account
The 30-second brief
South Monterey County Joint Union High School District continues to repay lease revenue bonds held by the California Infrastructure and Economic Development Bank, originally issued around $14.4 million to finance a state emergency loan secured by Greenfield High School. The district plans to defease the remaining roughly $4.3 million principal by August 2026, lifting 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
- $14,400,000 original lease revenue bonds; approximately $4,345,000 outstanding principal as of June 12, 2026
- Document date
- July 1, 2026
- Term
- Lease revenue bonds issued in 2010 with final repayment scheduled by October 2028; bondholder payments through August 2029
- Renews
- On record
- 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
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 $14,400,000 original lease revenue bonds; approximately $4,345,000 outstanding principal 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 $14,400,000 original lease revenue bonds; approximately $4,345,000 outstanding principal as of June 12, 2026, covering financial services work.
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.
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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.