Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board approves amendment to 2017 taxable loan, expands line to $250 million for school-building financing
Summary
Harmony Public Schools' board approved a resolution to amend a 2017 taxable loan, expanding the district's line of credit to $250 million to support school building financing. The loan is restricted to facility use and cannot be used for working capital, district staff said.
The Harmony Public Schools board on May 17 approved a resolution authorizing an amendment to a 2017 taxable loan from Regions Commercial Equipment Finance LLC that will qualify the loan as master debt under the district’s master trust indenture and security agreement.
District finance staff described the amendment as increasing an existing line of credit to $250 million — a size the presenter characterized…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
