Board Approves Annual School Bond Loan Payment
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Description
Shepherd Public Schools authorized a $1,410,000 annual debt payment to the Michigan Department of Treasury School Bond Loan Fund from the Debt Fund. The payment is part of ongoing repayments until the total School Bond Loan Fund borrowing is fully satisfied.
Contract Details
Contract Amount
$1,410,000
Vendor
MICHIGAN DEPARTMENT OF TREASURY SCHOOL BOND LOAN FUND
Agency
Flextech High School Shepherd, MI
Contract Type
FINANCIAL_SERVICES
Document Date
May 19, 2026
Contract Term
Annual payment each spring until total SBLF borrowing is repaid
Renewal Info
Annual recurring loan repayment made each spring until the full School Bond Loan Fund balance is repaid; no specific end date stated.
More from Flextech High School Shepherd
Shepherd Public Schools Minutes Regular Board Meeting 2026-05-19
Shepherd Public Schools Minutes Regular Board Meeting 2026-05-19
Shepherd Public Schools Minutes Regular Board Meeting 2026-05-19
Shepherd Public Schools Minutes Regular Board Meeting 2026-05-19
Shepherd Public Schools Minutes Regular Board Meeting 2026-05-19
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