FINANCIAL_SERVICESAWARDED

Richardson Independent School District Awards $25,000,000 Financial Services Contract to Royal Bank of Canada (August 2026)

Richardson ISD purchased $25 million of Royal Bank of Canada commercial paper on June 15, 2026 for its 2021 Construction Fund, with a 4.047% yield to maturity and a February 11, 2027 maturity. The transaction enhances returns on construction-related cash balances.

Status
AWARDED
Document date
August 6, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Royal Bank of Canada
Agency
Richardson Independent School District · TX

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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
$25,000,000.00
Contract type
FINANCIAL_SERVICES
Contract term
June 15, 2026 – February 11, 2027 (maturity)
Renewal date
2027-02-11
Renewal
This new commercial paper investment will mature on February 11, 2027; future placements would require new purchase transactions.
Document type
Report
Source document
Richardson Independent School District Report Quarterly Investment Report 2026-08-06

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Richardson Independent School District?

Royal Bank of Canada was awarded this financial services contract by Richardson Independent School District, as recorded on August 6, 2026. The contract value is $25,000,000.00.

How much is the Royal Bank of Canada contract with Richardson Independent School District worth?

The Royal Bank of Canada contract with Richardson Independent School District is valued at $25,000,000.00, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Richardson Independent School District Report Quarterly Investment Report 2026-08-06 (Report), dated August 6, 2026 from Richardson Independent School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Royal Bank of Canada hold?

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

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What is Richardson Independent School District currently buying?

Explore Richardson Independent School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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