FINANCIAL_SERVICESAPPROVED

Suny-System Office Awards Financial Services Contract to Dormitory Authority of the State of New York (September 2026)

SUNY approved a tax-exempt leasing program transaction with the Dormitory Authority of the State of New York for Upstate Medical University Hospital. The deal will finance up to $51 million in equipment, with closing planned for spring 2027.

Document date · September 14, 2026

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Derivita logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Veritone logo
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Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $51,000,000
Contract type
FINANCIAL_SERVICES
Contract term
Spring 2027 closing; lease payments approximately $11.2M per year
Renewal date
2027-03-31
Document type
StaffReport
Source document
State University of New York StaffReport Tax Exempt Leasing Program (TELP) Upstate Medical University Hospital 2026-09-15

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Suny-System Office?

Dormitory Authority of the State of New York was awarded this financial services contract by Suny-System Office, as recorded on September 14, 2026. The contract value is Not to exceed $51,000,000.

How much is the Dormitory Authority of the State of New York contract with Suny-System Office worth?

The Dormitory Authority of the State of New York contract with Suny-System Office is valued at Not to exceed $51,000,000, 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 State University of New York StaffReport Tax Exempt Leasing Program (TELP) Upstate Medical University Hospital 2026-09-15 (StaffReport), dated September 14, 2026 from Suny-System Office. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Dormitory Authority of the State of New York hold?

Dormitory Authority of the State of New York 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 Suny-System Office currently buying?

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