Bank of America Assumes ESA Installment Financing
Clinton City SchoolsSchool · Clinton, NC- Disclosed value
- Installment Payments totaling $3,467,934.02; Issuer Payments totaling $3,608,892.02
- From contract
- Document date
- May 1, 2022
- Renews
- Free account
The 30-second brief
Clinton City Schools Board of Education assigned its ESA installment financing obligations to Bank of America, National Association as Financing Assignee in May 2022. Bank of America receives installment payments over an 18-year schedule administered by the paying agent, backed by a perfected security interest in the payment account and collateral.
Bank of America National Association holds this financial services contract with Clinton City Schools. Its other public contracts on record include work for Maple Valley Public School District 4 and Town of Newtown.
The renewal date is on record. A free account shows it, with the renewals for every Clinton City Schools contract.
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Contract details
- Contract type
- Financial Services
- Amount
- Installment Payments totaling $3,467,934.02; Issuer Payments totaling $3,608,892.02
- Document date
- May 1, 2022
- Term
- From May __, 2022 through April __, 2040 (18 years, annual payments each April)
- Renews
- Free account
- Agency
- Clinton City Schools
- Source document
- clinton-city-schools-contract-2022-05-01_238.pdf (Contract)
Bank of America National Association's other public contracts
More Clinton City Schools contracts
Questions about this contract
Who was awarded the financial services contract by Clinton City Schools?
Bank of America National Association was awarded this financial services contract by Clinton City Schools, as recorded on May 1, 2022. The contract value is Installment Payments totaling $3,467,934.02; Issuer Payments totaling $3,608,892.02.
How much is the Bank of America National Association contract with Clinton City Schools worth?
The Bank of America National Association contract with Clinton City Schools is valued at Installment Payments totaling $3,467,934.02; Issuer Payments totaling $3,608,892.02, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a contract record.
Where was this contract approved?
This contract appears in clinton-city-schools-contract-2022-05-01_238.pdf (Contract), dated May 1, 2022 from Clinton City Schools. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Bank of America National Association hold?
Bank of America 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.
What is Clinton City Schools currently buying?
Explore Clinton City Schools's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.