FINANCIAL_SERVICESAPPROVED

Connally Independent School District Awards Financial Services Contract to U.s. Bank Trust Company N.a. (August 2026)

Connally Independent School District approved an Escrow Agreement with U.S. Bank Trust Company, N.A. to serve as escrow and paying agent for the defeasance and redemption of portions of its Unlimited Tax Refunding Bonds, Series 2016, with a defeasance deposit not to exceed $2,300,000. The bank will manage the escrow fund, investments, and transfers needed to retire the bonds using lawfully available district funds.

Status
APPROVED
Document date
August 18, 2026
Contract type
FINANCIAL_SERVICES
Vendor
U.s. Bank Trust Company N.a.
Agency
Connally Independent School District · TX

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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
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
Not to exceed $2,300,000 (Defeasance Deposit); fee schedule in Exhibit A (amount not stated)
Contract type
FINANCIAL_SERVICES
Contract term
From Escrow Funding Date through final payment of defeased obligations (expected through 08/31/2027 and until bonds paid)
Renewal date
2027-08-31
Renewal
The Escrow Agreement remains in effect until all transfers for payment of principal, interest, and any redemption premium on the defeased obligations are completed and any remaining escrow balance is returned to the District; no automatic renewal, but successor escrow agents may be appointed if needed under Chapter 1207, Texas Government Code.
Document type
Agreement
Source document
Connally Independent School District Agreement Order Authorizing the Defeasance and Redemption of Certain Outstanding Obligations of the District 2026-08-18

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Frequently asked questions

Common questions about this contract, answered from the record.

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

U.s. Bank Trust Company N.a. was awarded this financial services contract by Connally Independent School District, as recorded on August 18, 2026. The contract value is Not to exceed $2,300,000 (Defeasance Deposit); fee schedule in Exhibit A (amount not stated).

How much is the U.s. Bank Trust Company N.a. contract with Connally Independent School District worth?

The U.s. Bank Trust Company N.a. contract with Connally Independent School District is valued at Not to exceed $2,300,000 (Defeasance Deposit); fee schedule in Exhibit A (amount not stated), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agreement record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Connally Independent School District Agreement Order Authorizing the Defeasance and Redemption of Certain Outstanding Obligations of the District 2026-08-18 (Agreement), dated August 18, 2026 from Connally Independent School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does U.s. Bank Trust Company N.a. hold?

U.s. Bank Trust Company N.a. 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 Trust Company N.a.'s profile

What is Connally Independent School District currently buying?

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

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