Ascension Parish School District Awards Financial Services Contract to U.s. Bank National Association (August 2026)

Ascension Parish School Board and Ross Bus Sales, LLC appointed U.S. Bank National Association as Escrow Agent on August 25, 2026 to administer the $14,375,159.48 escrow fund for the bus lease-purchase. U.S. Bank will invest the funds, disburse payments to the vendor, and apply remaining balances to future lease payments and principal reductions.

Scope & details

The full contract record, as filed.

Contract amount

$500 (initial acceptance fee), plus out-of-pocket expenses at cost; annual escrow agent fee waived

Contract type

FINANCIAL_SERVICES

Contract term

Commencement Date August 25, 2026; term through completion of disbursements and termination under Section 12 of Escrow Agreement

Renewal

The escrow arrangement continues until termination upon written notice from Lessor under Sections 5(d) or 5(e) of the Escrow Agreement, or replacement of the Escrow Agent by mutual written agreement. Annual escrow agent fee is waived but the agreement allows for extraordinary expenses and potential successor appointments.

Document type

Agreement

Source document

Ascension Parish School Board Equipment Lease Purchase Agreement 2026-08-25

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Ascension Parish School District?

U.s. Bank National Association was awarded this financial services contract by Ascension Parish School District, as recorded on August 19, 2026. The contract value is $500 (initial acceptance fee), plus out-of-pocket expenses at cost; annual escrow agent fee waived.

How much is the U.s. Bank National Association contract with Ascension Parish School District worth?

The U.s. Bank National Association contract with Ascension Parish School District is valued at $500 (initial acceptance fee), plus out-of-pocket expenses at cost; annual escrow agent fee waived, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Ascension Parish School Board Equipment Lease Purchase Agreement 2026-08-25 (Agreement), dated August 19, 2026 from Ascension Parish School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does U.s. Bank National Association hold?

U.s. Bank National Association 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 U.s. Bank National Association's profile

What is Ascension Parish School District currently buying?

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

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