California State Treasurer Fiona Ma announced the completion of a $195.04 million short-term note sale by the California School Finance Authority (CSFA) to assist 16 school districts with short-term financing needs. The notes priced on Wednesday, April 7, 2021 and closed on April 22, 2021.
This innovative financing marks the second sale of notes under the statewide pooled State Aid Intercept Notes (SAIN) program, which CSFA launched in anticipation of State deferrals of FY 2020-21 funding apportionments to public schools and college districts in the wake of the global Covid-19 pandemic and the State’s budgetary response to it. The first note sale occurred in March.
State Treasurer s Office launches CSFA State Aid Intercept Note program with $237 8 million sale oc-breeze.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oc-breeze.com Daily Mail and Mail on Sunday newspapers.