captcha wrote: I guess PUSD

[sdnerd]

[quote=captcha]
I guess PUSD board could decide that they don’t need the money?
[/quote]

That would certainly be a historic moment. 🙂

Thanks for the other information. I received a call back today, and it confirms what you said.

At least in my case, the payoff completely removes the entire enchilada. ~$60K kills $5,600/yr(+2% annual) in its entirety.