FINANCIAL_SERVICESAPPROVED

Ambassador Phillip V. Sanchez II Public Charter School Regular Board Meeting Agenda 2026-05-28

Board to Approve Cash-Flow Loan from LLAC

Ambassador Phillip V. Sanchez II Public Charter DistrictLIFELONG LEARNING ADMINISTRATION CORPORATION LLACMay 22, 2026

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Description

The Board will consider approval to secure a loan from Lifelong Learning Administration Corporation (LLAC) for the 2026-2027 school year as needed to maintain sufficient cash flow under agreed promissory note terms. The loan amount is not listed in the agenda.

Contract Details

Vendor

LIFELONG LEARNING ADMINISTRATION CORPORATION LLAC

Agency

Ambassador Phillip V. Sanchez II Public Charter District, CA

Contract Type

FINANCIAL_SERVICES

Document Date

May 22, 2026

Contract Term

2026-2027 school year

Renewal Date

2027-06-30

Renewal Info

New or continued annual loan authorization from LLAC for 2026-2027; specific renewal or extension options for the promissory note are not detailed.

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Issuing Agency

Ambassador Phillip V. Sanchez II Public Charter District

School

Fresno, CA

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Vendor