CONTRACTPENDING

Rockbridge Considers VPSA School Bond Financing

Rockbridge County
Disclosed value
Bond authorization not to exceed $18,000,000; proceeds requested from VPSA up to $17,070,350; true interest cost not to exceed 5.5% per annum; bond may not be sold for less than 95% of the requested amount
From staffreport
Document date
Sep 14, 2026

The 30-second brief

What it covers

Rockbridge County is considering a bond sale to VPSA for up to $17.07 million in proceeds, within an $18 million authorization. The proposed financing would support construction and equipping of a School Division recreation center and potentially tennis courts, with an alternate proposal reducing borrowing to $10.75 million.

Who holds it

VPSA holds this financial services contract with Rockbridge County. Its other public contracts on record include work for King George County and Prince Edward County Public Schools.

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Contract details

Contract type
Financial Services
Amount
Bond authorization not to exceed $18,000,000; proceeds requested from VPSA up to $17,070,350; true interest cost not to exceed 5.5% per annum; bond may not be sold for less than 95% of the requested amount
Document date
September 14, 2026
Vendor
VPSA
Source document
Rockbridge County StaffReport Public Hearing - VPSA School Bond for Proposed School Division Recreation Center 2026-09-14 (StaffReport)

VPSA's other public contracts

More Rockbridge County contracts

Questions about this contract

Who was awarded the financial services contract by Rockbridge County?

VPSA was awarded this financial services contract by Rockbridge County, as recorded on September 14, 2026. The contract value is Bond authorization not to exceed $18,000,000; proceeds requested from VPSA up to $17,070,350; true interest cost not to exceed 5.5% per annum; bond may not be sold for less than 95% of the requested amount.

How much is the VPSA contract with Rockbridge County worth?

The VPSA contract with Rockbridge County is valued at Bond authorization not to exceed $18,000,000; proceeds requested from VPSA up to $17,070,350; true interest cost not to exceed 5.5% per annum; bond may not be sold for less than 95% of the requested amount, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Rockbridge County StaffReport Public Hearing - VPSA School Bond for Proposed School Division Recreation Center 2026-09-14 (StaffReport), dated September 14, 2026 from Rockbridge County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does VPSA hold?

VPSA 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 Rockbridge County currently buying?

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

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