FINANCIAL_SERVICESONGOING

County Bond Issuance Linked to South State Lease

Newberry County Council adopted Ordinance 07-01-2026 to issue a general obligation bond not exceeding $650,000 to reimburse annual payments on an emergency equipment lease-purchase agreement with South State Bank. The bond will be repaid from ad valorem property taxes and is structured to mature by June 1, 2027.

Status
ONGOING
Document date
August 19, 2026
Contract type
FINANCIAL_SERVICES
Vendor
South State Bank
Agency
Newberry County · SC

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Not exceeding $650,000 principal amount (bond sized to cover 2026-27 lease payments and issuance costs)
Contract type
FINANCIAL_SERVICES
Contract term
Bond to mature no later than June 1, 2027; lease-purchase entered April 10, 2026 with annual payments
Renewal date
2027-06-01
Renewal
Bond issuance is annual to cover lease and facilities agreement payments; no renewal is specified for the bond itself, but lease-purchase payments recur annually until lease completion.
Document type
AgendaPacket
Source document
Newberry County Council AgendaPacket 2026-08-19

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Newberry County?

South State Bank was awarded this financial services contract by Newberry County, as recorded on August 19, 2026. The contract value is Not exceeding $650,000 principal amount (bond sized to cover 2026-27 lease payments and issuance costs).

How much is the South State Bank contract with Newberry County worth?

The South State Bank contract with Newberry County is valued at Not exceeding $650,000 principal amount (bond sized to cover 2026-27 lease payments and issuance costs), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Newberry County Council AgendaPacket 2026-08-19 (AgendaPacket), dated August 19, 2026 from Newberry County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does South State Bank hold?

South State Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View South State Bank's profile

What is Newberry County currently buying?

Explore Newberry County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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