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Board authorizes $1.394 million loan from Midland States Bank to buy nine buses
Effingham CUSD 40 Board of Education · November 11, 2025
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Summary
Effingham Unit 40 authorized borrowing $1,394,109 from Midland States Bank (lease-to-buy) to finance nine buses ordered over two years ago; Andrew D. Johnson authorized to sign loan documents as treasurer.
The Effingham CUSD 40 board authorized a lease‑to‑buy financing agreement with Midland States Bank to purchase nine school buses for a total of $1,394,109.
District staff explained the buses were ordered more than two years…
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