Henrico County Public Schools Monthly Meeting Agenda March 2026
Master Lease Approved with American Capital Financial Services
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Description
Henrico County Public Schools authorized the use of a master tax-exempt lease/purchase agreement with American Capital Financial Services, Inc. for laptop procurement, with total lease payments up to $18.44 million over four years.
Contract Details
Contract Amount
$18,441,271.88 (maximum total lease payment), $4,610,317.97/year for 4 years
Vendor
AMERICAN CAPITAL FINANCIAL SERVICES INC
Agency
Henrico County Public Schools, VA
Contract Type
FINANCIAL_SERVICES
Document Date
March 25, 2026
Contract Term
Four (4) year lease period beginning Summer 2026
Renewal Date
2030-06-30
Renewal Info
Four-year payment schedule under Master Lease/Purchase Agreement (July 30, 2025).
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