FINANCIAL_SERVICESAPPROVED

University of Nebraska Board of Regents Awards Financial Services Contract to Nebraska Department of Economic Development (June 2026)

The Board of Regents approved an agreement with the Nebraska Department of Economic Development under the Nebraska Transformational Projects Act to provide up to $300 million in state matching funds for a $1.6 billion UNMC project in Omaha. The contract sets detailed reporting, auditing, and repayment requirements and runs through December 31, 2030, subject to statutory extensions.

Status
APPROVED
Document date
June 18, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Nebraska Department of Economic Development
Agency
University of Nebraska Board of Regents · NE

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Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
Up to $300,000,000 in state matching funds (15% of eligible project investment, capped at $50,000,000 per year)
Contract type
FINANCIAL_SERVICES
Contract term
From full execution date through December 31, 2030, or until project completion and final audit/closeout, whichever occurs first; may be extended by mutual agreement within statutory limits
Renewal date
2030-12-31
Renewal
Agreement term may be extended upon mutual agreement if requested before expiration, but cannot exceed the statutory transformational and continuation periods; remains effective until all earned matching funds are paid and final audit and closeout are completed.
Document type
Agenda
Source document
University of Nebraska Board of Regents Agenda 2026-06-18

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by University of Nebraska Board of Regents?

Nebraska Department of Economic Development was awarded this financial services contract by University of Nebraska Board of Regents, as recorded on June 18, 2026. The contract value is Up to $300,000,000 in state matching funds (15% of eligible project investment, capped at $50,000,000 per year).

How much is the Nebraska Department of Economic Development contract with University of Nebraska Board of Regents worth?

The Nebraska Department of Economic Development contract with University of Nebraska Board of Regents is valued at Up to $300,000,000 in state matching funds (15% of eligible project investment, capped at $50,000,000 per year), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in University of Nebraska Board of Regents Agenda 2026-06-18 (Agenda), dated June 18, 2026 from University of Nebraska Board of Regents. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Nebraska Department of Economic Development hold?

Nebraska Department of Economic Development 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 Nebraska Department of Economic Development's profile

What is University of Nebraska Board of Regents currently buying?

Explore University of Nebraska Board of Regents's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View University of Nebraska Board of Regents's profile

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