FINANCIAL_SERVICESAPPROVED

FL-State-State Board of Administration Awards Financial Services Contract to Division of Bond Finance of the State Board of Administration (June 2025)

The State Board of Administration approved fiscal sufficiency for the Division of Bond Finance to issue up to $413.9 million in Florida State University Research Revenue Bonds. The bonds will finance a university-affiliated hospital in Panama City Beach and related costs, backed by pledged indirect cost reimbursements from research grants with debt service structured through 2054.

Document date · June 10, 2025

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Derivita 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
TerraCycle logo
Cyvl logo
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Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $413,900,000
Contract type
FINANCIAL_SERVICES
Contract term
Debt service projected through Fiscal Year 2054
Renewal date
2054-07-01
Renewal
Single bond issuance with projected debt service running to July 1, 2054; no renewal or extension provisions noted in the resolution.
Document type
Agenda
Source document
State Board of Administration Agenda 2025-06-10

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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 June 10, 2025. The contract value is Not to exceed $413,900,000.

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 to exceed $413,900,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in State Board of Administration Agenda 2025-06-10 (Agenda), dated June 10, 2025 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?

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