Call for Nominations – Board of Directors
The CASH Nominating Committee is now accepting nominations to fill one (1) public sector position on the Board of Directors (Board).
All Board terms are two (2) years. Public sector members have an eight (8) year term limit. The term will begin at the 42nd Annual Conference, March 1-3 in Palm Springs, California.
Nominees must be active members, with leadership experience in the K-12 school facilities industry. Self-nominations are encouraged.
CSFA Offers Additional TRAN Pools for K-12 Deferrals Cash Management
The California School Finance Authority offers a Tax and Revenue Anticipation Note (TRAN) pool for K-12 schools, providing a lower cost alternative to the single-district TRAN. CSFA estimates that districts are expected to receive only about 70% of their State apportionment payments for 2020-21, with deferrals from February 2021 to June 2021. Deferrals may continue into 2021-22. Absent significant cash reserves, districts will need to borrow from external sources like their counties or investors by issuing a TRAN.
County Office Facility Planner Update – September 2020
Topics covered in this month’s update include:
CASH SAB Alert – August 26, 2020
Today, the State Allocation Board (SAB) held a short meeting to conduct routine business, including unfunded approvals and an appeal. The item containing regulations on the sale of surplus property was withdrawn.
Executive Officer Statement
In her Executive Officer statement, Lisa Silverman provided the following updates:
Assembly Bill 841 (Ting): School Energy Efficiency Stimulus Program
AB 841 (Ting) is important legislation that would help school facility and maintenance departments by providing grants to improve HVAC systems, which is a critical healthy air quality issue to schools reopening in the COVID-19 era, as well as grants to improve drinking water quality. CASH is in strong support of this legislation (click here to view CASH support letter). Yesterday, AB 841 was approved and passed off the Senate Appropriations Committee Suspense File. The following is a brief summary of the primary provisions of the bill, including the August 20, 2020 amendments which add new provisions.