Corbett School District No. 39 U.S. Bank Line of Credit Proposal April 2026
District Establishes $1M Line of Credit with U.S. Bank
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Description
Corbett School District has secured a $1,000,000 line of credit with U.S. Bank to ensure it can meet payroll and operational obligations if State School Fund payments are delayed due to the extended 2024–2025 audit process. The credit line is a contingency measure and would be repaid immediately upon receipt of withheld state funds if used.
Contract Details
Contract Amount
$1,000,000
Vendor
U.S. BANK
Agency
Corbett School District 39, OR
Contract Type
FINANCIAL_SERVICES
Document Date
April 9, 2026
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