Baltimore County Public Schools Awards Financial Services Contract to Banc of America Public Capital Corp (January 2025)
Baltimore County Public SchoolsSchool · Towson, MD- Disclosed value
- Not to exceed approximately $6,716,853.70 (maximum principal amount of initial Lease Obligation for reimbursement)
- From resolution
- Approved
- Jan 1, 2025
The 30-second brief
The Board of Education of Baltimore County approved entering into a lease agreement with Banc of America Public Capital Corp for the financing of vehicles and other equipment, with an initial principal amount expected not to exceed approximately $6.72 million for reimbursement of prior equipment costs. The lease will allow the Board to acquire and eventually own the equipment after completing all lease payments, with terms to be finalized by designated officers and supported by an escrow agreement.
Banc of America Public Capital Corp holds this financial services contract with Baltimore County Public Schools. Its other public contracts on record include work for South Huntington Union Free School District and Wiseburn Unified.
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Contract details
- Contract type
- Financial Services
- Amount
- Not to exceed approximately $6,716,853.70 (maximum principal amount of initial Lease Obligation for reimbursement)
- Document date
- January 1, 2025
- Source document
- Board of Education of Baltimore County Resolution Regarding Lease Agreement for Equipment 2025-01-01 (Resolution)
Banc of America Public Capital Corp's other public contracts
More Baltimore County Public Schools contracts
Questions about this contract
Who was awarded the financial services contract by Baltimore County Public Schools?
Banc of America Public Capital Corp was awarded this financial services contract by Baltimore County Public Schools, as recorded on January 1, 2025. The contract value is Not to exceed approximately $6,716,853.70 (maximum principal amount of initial Lease Obligation for reimbursement).
How much is the Banc of America Public Capital Corp contract with Baltimore County Public Schools worth?
The Banc of America Public Capital Corp contract with Baltimore County Public Schools is valued at Not to exceed approximately $6,716,853.70 (maximum principal amount of initial Lease Obligation for reimbursement), 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 Board of Education of Baltimore County Resolution Regarding Lease Agreement for Equipment 2025-01-01 (Resolution), dated January 1, 2025 from Baltimore County Public Schools. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Banc of America Public Capital Corp hold?
Banc of America Public Capital Corp 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 Baltimore County Public Schools currently buying?
Explore Baltimore County Public Schools's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.