Board Rejects VPSA Spring School Bond Issuance

The Rockbridge County Board of Supervisors failed to approve a resolution to issue up to $15.5 million in general obligation school bonds to be sold to the Virginia Public School Authority for school capital projects and a recreation center. The 2–2 vote prevents the County from participating in the VPSA spring 2026 bond sale and delays this financing option.

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $15,500,000

Contract type

FINANCIAL_SERVICES

Contract term

Bond to mature within 30 years from date of issuance; interest payable semi-annually beginning January 15, 2027

Renewal

Single-issuance general obligation school bond for VPSA spring 2026 pool; no renewal terms described. The action to authorize issuance and sale was not approved, so the bond was not created.

Document type

Minutes

Source document

Rockbridge County Board of Supervisors Minutes 2026-03-30

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Rockbridge County?

Virginia Public School Authority was awarded this financial services contract by Rockbridge County, as recorded on March 30, 2026. The contract value is Not to exceed $15,500,000.

How much is the Virginia Public School Authority contract with Rockbridge County worth?

The Virginia Public School Authority contract with Rockbridge County is valued at Not to exceed $15,500,000, 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 Rockbridge County Board of Supervisors Minutes 2026-03-30 (Minutes), dated March 30, 2026 from Rockbridge County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Virginia Public School Authority hold?

Virginia Public School Authority may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Rockbridge County currently buying?

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