University of South Alabama Board of Trustees Meeting Agenda 2026-06-04
Trustee Role Extended for Series 2026 Bond Issuance
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Description
The Board confirmed The Bank of New Mellon Trust Company, N.A. as trustee for the planned Series 2026 University Facilities Revenue Bonds under the existing trust indenture. The trustee will authenticate and deliver new bonds, manage proceeds, and administer escrow arrangements for refunding outstanding Series 2016 Bonds.
Contract Details
Vendor
THE BANK OF NEW MELLON TRUST COMPANY NA
Agency
Usa Health University Hospital, AL
Contract Type
FINANCIAL_SERVICES
Document Date
June 2, 2026
Contract Term
Trustee under University Facilities Revenue Trust Indenture dated as of February 15, 1996, as supplemented and amended, including new Series 2026 bonds issued through April 1, 2027
Renewal Info
Trustee engagement under the 1996 Indenture continues and is supplemented for the new Series 2026 bonds to be issued through April 1, 2027; no separate termination date specified beyond bond maturity and indenture provisions.
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University of South Alabama Board of Trustees Meeting Agenda 2026-06-04
University of South Alabama Board of Trustees Meeting Agenda 2026-06-04
University of South Alabama Board of Trustees Meeting Agenda 2026-06-04
University of South Alabama Board of Trustees Meeting Agenda 2026-06-04
University of South Alabama Board of Trustees Meeting Agenda 2026-06-04
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