Gallatin County School District Awards Financial Services Contract to German American Bank of Jasper, Indiana (May 2023)
Gallatin County School DistrictSchool · Warsaw, KY- Disclosed value
- Collateral equal to 103% of current daily balances (amount varies by deposits)
- From pledge of collateral agreement
- Approved
- May 25, 2023
The 30-second brief
The Gallatin County Board of Education and the Kentucky Department of Education approved a pledge of collateral agreement with German American Bank of Jasper, Indiana to secure public school funds. The bank will maintain collateral equal to at least 103% of daily deposit balances under a term beginning July 1, 2022, for up to two years.
German American Bank of Jasper, Indiana holds this financial services contract with Gallatin County School District. Its other public contracts on record include work for Owen County School District.
Term as filed: Beginning July 1, 2022, for a period not to exceed two (2) years.
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Contract details
- Contract type
- Financial Services
- Amount
- Collateral equal to 103% of current daily balances (amount varies by deposits)
- Document date
- May 25, 2023
- Term
- Beginning July 1, 2022, for a period not to exceed two (2) years
- Vendor
- German American Bank of Jasper, Indiana
- Source document
- gallatin-county-school-district-pledge-of-collateral-agreement-2023-05-25_529.pdf (Pledge of Collateral Agreement)
German American Bank of Jasper, Indiana's other public contracts
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Questions about this contract
Who was awarded the financial services contract by Gallatin County School District?
German American Bank of Jasper, Indiana was awarded this financial services contract by Gallatin County School District, as recorded on May 25, 2023. The contract value is Collateral equal to 103% of current daily balances (amount varies by deposits).
How much is the German American Bank of Jasper, Indiana contract with Gallatin County School District worth?
The German American Bank of Jasper, Indiana contract with Gallatin County School District is valued at Collateral equal to 103% of current daily balances (amount varies by deposits), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a pledge of collateral agreement record.
Where was this contract approved?
This contract appears in gallatin-county-school-district-pledge-of-collateral-agreement-2023-05-25_529.pdf (Pledge of Collateral Agreement), dated May 25, 2023 from Gallatin County School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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