FINANCIAL_SERVICESPENDING

Illinois Finance Authority Considers University Bond Issue

The Illinois Finance Authority is considering up to $300 million in revenue bonds for The University of Chicago. Proceeds would finance, refinance, or reimburse improvements to campus facilities, a parking garage, and related infrastructure, with bonds maturing within 40 years.

Document date · September 15, 2026

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Derivita logo
Comcate logo
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Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $300,000,000 aggregate principal amount; not to exceed $100,000,000 outstanding at any one time
Contract type
FINANCIAL_SERVICES
Contract term
Bonds mature not later than 40 years from issuance
Renewal date
2066-09-15
Renewal
Bond authorization permits one or more series and drawdowns; bonds may be repaid and reborrowed during the initial direct purchase period. Final terms and underwriter remain subject to authorized-officer determinations.
Document type
AgendaPacket
Source document
Illinois Finance Authority AgendaPacket Regular Meeting September 15, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by IL-State-Illinois Finance Authority?

University of Chicago was awarded this financial services contract by IL-State-Illinois Finance Authority, as recorded on September 15, 2026. The contract value is Not to exceed $300,000,000 aggregate principal amount; not to exceed $100,000,000 outstanding at any one time.

How much is the University of Chicago contract with IL-State-Illinois Finance Authority worth?

The University of Chicago contract with IL-State-Illinois Finance Authority is valued at Not to exceed $300,000,000 aggregate principal amount; not to exceed $100,000,000 outstanding at any one time, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Illinois Finance Authority AgendaPacket Regular Meeting September 15, 2026 (AgendaPacket), dated September 15, 2026 from IL-State-Illinois Finance Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does University of Chicago hold?

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