FINANCIAL_SERVICESAPPROVED

FL-State-State Board of Administration Awards Financial Services Contract to Division of Bond Finance of the State Board of Administration (February 2026)

The State Board of Administration approved fiscal sufficiency for up to $238.5 million in Florida International University Dormitory Revenue Bonds, Series 2026A, proposed by the Division of Bond Finance. The bonds will finance a new student housing facility, fund capitalized interest, and pay issuance costs, and the Board rescinded any unused prior fiscal sufficiency approvals for FIU dormitory debt.

Document date · February 24, 2026

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WithersRavenel logo
Derivita logo
Comcate logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Veritone logo
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Cyvl logo
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Scope & details

The full contract record, as filed.

Contract amount
Not exceeding $238,500,000
Contract type
FINANCIAL_SERVICES
Contract term
Series 2026A; Eleventh Supplemental Resolution anticipated February 24, 2026; original resolution dated June 9, 1998; amortization through July 1, 2056
Renewal date
2056-07-01
Renewal
Bonds are structured on parity with existing FIU Dormitory Revenue and Revenue Refunding Bonds Series 2015A–2021A and the requested $16 million refunding bonds, secured by pledged housing revenues; repayment schedule extends to July 1, 2056 with no renewal options noted.
Document type
Agenda
Source document
State Board of Administration Agenda 2026-02-24

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by FL-State-State Board of Administration?

Division of Bond Finance of the State Board of Administration was awarded this financial services contract by FL-State-State Board of Administration, as recorded on February 24, 2026. The contract value is Not exceeding $238,500,000.

How much is the Division of Bond Finance of the State Board of Administration contract with FL-State-State Board of Administration worth?

The Division of Bond Finance of the State Board of Administration contract with FL-State-State Board of Administration is valued at Not exceeding $238,500,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in State Board of Administration Agenda 2026-02-24 (Agenda), dated February 24, 2026 from FL-State-State Board of Administration. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Division of Bond Finance of the State Board of Administration hold?

Division of Bond Finance of the State Board of Administration 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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