State Controlling Board approves solvency assistance for Trimble Local; recovery plan due in 120 days
The State Controlling Board approved item 46, granting solvency assistance to Trimble Local School District. State staff said the default repayment is two years but can be extended to as long as 10 years by the directors; the district must submit a recovery plan within 120 days of the oversight commission's creation.
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The State Controlling Board approved item 46 on its agenda, granting solvency assistance to Trimble Local School District and placing the district under an oversight commission. President Schueller said there were no objections and the item was approved.
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