Imperial Irrigation District Awards Financial Services Contract to Truist Securities Inc (March 2026)
Imperial Irrigation DistrictUtility District · Imperial, CA- Disclosed value
- Purchase price equal to principal amount of the 2026 Bonds less any original issue discount and plus any original issue premium (each not to exceed 30% of aggregate principal) and less an underwriters' discount not to exceed 0.40% of aggregate principal
- From resolution
- Approved
- Mar 17, 2026
The 30-second brief
Imperial Irrigation District authorized a Purchase Contract with Truist Securities, Inc. for the negotiated sale of up to $150 million in Electric System Refunding Revenue Bonds, Series 2026, to refund prior bonds and fund eligible improvements. District officers are empowered to finalize pricing and execute the agreement within specified interest cost and discount parameters.
Truist Securities Inc holds this financial services contract with Imperial Irrigation District. Its other public contracts on record include work for Office of the Washington State Treasurer and Town of Needham.
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Contract details
- Contract type
- Financial Services
- Amount
- Purchase price equal to principal amount of the 2026 Bonds less any original issue discount and plus any original issue premium (each not to exceed 30% of aggregate principal) and less an underwriters' discount not to exceed 0.40% of aggregate principal
- Document date
- March 17, 2026
- Vendor
- Truist Securities Inc
- Source document
- Imperial Irrigation District Resolution 8-2026 2026-03-17 (Resolution)
Truist Securities Inc's other public contracts
More Imperial Irrigation District contracts
Questions about this contract
Who was awarded the financial services contract by Imperial Irrigation District?
Truist Securities Inc was awarded this financial services contract by Imperial Irrigation District, as recorded on March 17, 2026. The contract value is Purchase price equal to principal amount of the 2026 Bonds less any original issue discount and plus any original issue premium (each not to exceed 30% of aggregate principal) and less an underwriters' discount not to exceed 0.40% of aggregate principal.
How much is the Truist Securities Inc contract with Imperial Irrigation District worth?
The Truist Securities Inc contract with Imperial Irrigation District is valued at Purchase price equal to principal amount of the 2026 Bonds less any original issue discount and plus any original issue premium (each not to exceed 30% of aggregate principal) and less an underwriters' discount not to exceed 0.40% of aggregate principal, 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 Imperial Irrigation District Resolution 8-2026 2026-03-17 (Resolution), dated March 17, 2026 from Imperial Irrigation District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Truist Securities Inc hold?
Truist Securities Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Imperial Irrigation District currently buying?
Explore Imperial Irrigation District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.
