Indianapolis Public Schools Awards Financial Services Contract to Indiana Bond Bank (July 2026)

Scope & details

The full contract record, as filed.

Contract amount

Up to $48,470,800 (Operating Referendum Fund) and $113,640,100 (Operations Fund) in warrants; interest not to exceed 8.0%; interest from Debt Service Fund not to exceed $11,960,181.95

Contract type

FINANCIAL_SERVICES

Contract term

Warrants dated on delivery (on or about January 29, 2026) and maturing on or before December 31, 2026; Due Date may be June 30, 2026, December 31, 2026, or tied to tax settlement date

Renewal date

2026-12-31

Renewal

This is a 2026 advance funding program transaction tied to 2025 tax levies payable in 2026, with all warrants required to mature by December 31, 2026; no renewal or extension terms are stated, and any additional warrants must comply with Indiana Code 20-48-1-9 and the Warrant Purchase Agreement.

Document type

Resolution

Source document

Indianapolis Public Schools Resolution Ratifying Approval Of Participation In Indiana Bond Bank’s 2026 Advance Funding Program 2026-07-30

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Indianapolis Public Schools?

Indiana Bond Bank was awarded this financial services contract by Indianapolis Public Schools, as recorded on July 30, 2026. The contract value is Up to $48,470,800 (Operating Referendum Fund) and $113,640,100 (Operations Fund) in warrants; interest not to exceed 8.0%; interest from Debt Service Fund not to exceed $11,960,181.95.

How much is the Indiana Bond Bank contract with Indianapolis Public Schools worth?

The Indiana Bond Bank contract with Indianapolis Public Schools is valued at Up to $48,470,800 (Operating Referendum Fund) and $113,640,100 (Operations Fund) in warrants; interest not to exceed 8.0%; interest from Debt Service Fund not to exceed $11,960,181.95, 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 Indianapolis Public Schools Resolution Ratifying Approval Of Participation In Indiana Bond Bank’s 2026 Advance Funding Program 2026-07-30 (Resolution), dated July 30, 2026 from Indianapolis Public Schools. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Indiana Bond Bank hold?

Indiana Bond Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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