FINANCIAL_SERVICESAPPROVED

University of Maine System Finance, Facilities & Technology Committee Meeting Minutes February 2026

Master Equipment Lease Approval with Banc of America

up to $1,500,000University Of Maine-System Central OfficeBANC OF AMERICA PUBLIC CAPITAL CORPFebruary 11, 2026

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Description

The University of Maine System received committee approval to use up to $1.5 million in future financing proceeds for equipment purchases under its Master Equipment Lease/Purchase Agreement with Banc of America Public Capital Corp. Each project will be documented with a separate bank schedule.

Contract Details

Contract Amount

up to $1,500,000

Vendor

BANC OF AMERICA PUBLIC CAPITAL CORP

Agency

University Of Maine-System Central Office, ME

Contract Type

FINANCIAL_SERVICES

Document Date

February 11, 2026

Renewal Info

Agreement approved July 15, 2024; each project under agreement financed per separate schedule. Minimum $200,000 per transaction, projects may be aggregated.

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Issuing Agency

University Of Maine-System Central Office

Higher Ed

Orono, ME

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Vendor