FINANCIAL_SERVICESAMENDED

District Increases Interest-Free Loan Limit to $35 Million

Thompson School District R2-J approved an amended participation in the Colorado State Treasurer’s Interest-Free Loan Program, increasing its borrowing capacity to $35 million for fiscal year 2025-2026. The district will issue a restated note to the State Treasurer, repayable from taxes by June 24, 2026, with interest accruing only if repayment is late.

Status
AMENDED
Document date
January 21, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Treasurer of the State
Agency
Thompson Falls High School District · MT

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Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
Maximum Principal Amount: $35,000,000 (interest-free if repaid by June 24, 2026; default interest thereafter)
Contract type
FINANCIAL_SERVICES
Contract term
From issuance date through no later than June 24, 2026
Renewal date
2026-06-24
Renewal
This action amends the prior loan program resolution by raising the Maximum Principal Amount to $35,000,000 and substituting updated projected cash flows; all other terms of the prior resolution and note remain in effect, with repayment due by June 24, 2026 and default interest applying only if unpaid after that date.
Document type
Resolution
Source document
Thompson School District R2-J Resolution Increasing Borrowing Amount 2026-01-21

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Thompson Falls High School District?

Treasurer of the State was awarded this financial services contract by Thompson Falls High School District, as recorded on January 21, 2026. The contract value is Maximum Principal Amount: $35,000,000 (interest-free if repaid by June 24, 2026; default interest thereafter).

How much is the Treasurer of the State contract with Thompson Falls High School District worth?

The Treasurer of the State contract with Thompson Falls High School District is valued at Maximum Principal Amount: $35,000,000 (interest-free if repaid by June 24, 2026; default interest thereafter), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Thompson School District R2-J Resolution Increasing Borrowing Amount 2026-01-21 (Resolution), dated January 21, 2026 from Thompson Falls High School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Treasurer of the State hold?

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