FINANCIAL_SERVICESAPPROVED

San Francisco Public Utilities Commission Awards Financial Services Contract to Bank of America Na Bana (July 2026)

The SFPUC approved amendments and fee agreements with Bank of America, N.A. for Series A-1 and A-2 reimbursement agreements totaling up to $250 million in aggregate principal for interim Power Enterprise capital funding. The action also approves related letters of credit and bank notes.

Status
APPROVED
Document date
July 29, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Bank of America Na Bana
Agency
San Francisco Public Utilities Commission · CA

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Aggregate principal amounts not to exceed $125 million for Series A-1 and $125 million for Series A-2 (exclusive of 270 days’ interest)
Contract type
FINANCIAL_SERVICES
Renewal
Third Amendment to Series A-1 and First Amendment to Series A-2 reimbursement agreements, with updated fee agreements and supporting instruments.
Document type
Resolution
Source document
SFPUC Resolution Log 2026-07-29

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by San Francisco Public Utilities Commission?

Bank of America Na Bana was awarded this financial services contract by San Francisco Public Utilities Commission, as recorded on July 29, 2026. The contract value is Aggregate principal amounts not to exceed $125 million for Series A-1 and $125 million for Series A-2 (exclusive of 270 days’ interest).

How much is the Bank of America Na Bana contract with San Francisco Public Utilities Commission worth?

The Bank of America Na Bana contract with San Francisco Public Utilities Commission is valued at Aggregate principal amounts not to exceed $125 million for Series A-1 and $125 million for Series A-2 (exclusive of 270 days’ interest), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in SFPUC Resolution Log 2026-07-29 (Resolution), dated July 29, 2026 from San Francisco Public Utilities Commission. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bank of America Na Bana hold?

Bank of America Na Bana may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Bank of America Na Bana's profile

What is San Francisco Public Utilities Commission currently buying?

Explore San Francisco Public Utilities Commission's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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