Transportation Trust Fund Authority | State of New Jersey Awards Financial Services Contract to J.P. Morgan Securities LLC (September 2025)
Transportation Trust Fund Authority | State of New JerseyState · NJ- Disclosed value
- Not exceeding $1,500,000,000 in aggregate principal amount; underwriter compensation not to exceed $5.00 per $1,000.00 of bonds
- From minutes
- Approved
- Sep 18, 2025
The 30-second brief
The New Jersey Transportation Trust Fund Authority approved J.P. Morgan Securities LLC as senior managing underwriter for up to $1.5 billion of Transportation Program Bonds, 2025 Series AA. The transaction was expected to price on October 22, 2025, and close on October 30, 2025, with underwriter compensation capped at $5 per $1,000 of bonds.
J.P. Morgan Securities LLC holds this financial services contract with Transportation Trust Fund Authority | State of New Jersey. Its other public contracts on record include work for Osseo Public School District and Lakeville Public School District.
Term as filed: Pricing expected October 22, 2025; financing close expected October 30, 2025.
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Contract details
- Contract type
- Financial Services
- Amount
- Not exceeding $1,500,000,000 in aggregate principal amount; underwriter compensation not to exceed $5.00 per $1,000.00 of bonds
- Document date
- September 18, 2025
- Term
- Pricing expected October 22, 2025; financing close expected October 30, 2025
- Source document
- New Jersey Transportation Trust Fund Authority Minutes Board Meeting 2025-09-18 (Minutes)
J.P. Morgan Securities LLC's other public contracts
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Questions about this contract
Who was awarded the financial services contract by Transportation Trust Fund Authority | State of New Jersey?
J.P. Morgan Securities LLC was awarded this financial services contract by Transportation Trust Fund Authority | State of New Jersey, as recorded on September 18, 2025. The contract value is Not exceeding $1,500,000,000 in aggregate principal amount; underwriter compensation not to exceed $5.00 per $1,000.00 of bonds.
How much is the J.P. Morgan Securities LLC contract with Transportation Trust Fund Authority | State of New Jersey worth?
The J.P. Morgan Securities LLC contract with Transportation Trust Fund Authority | State of New Jersey is valued at Not exceeding $1,500,000,000 in aggregate principal amount; underwriter compensation not to exceed $5.00 per $1,000.00 of bonds, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in New Jersey Transportation Trust Fund Authority Minutes Board Meeting 2025-09-18 (Minutes), dated September 18, 2025 from Transportation Trust Fund Authority | State of New Jersey. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does J.P. Morgan Securities LLC hold?
J.P. Morgan Securities LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Transportation Trust Fund Authority | State of New Jersey currently buying?
Explore Transportation Trust Fund Authority | State of New Jersey's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.