UT System Authorizes Bank Standby Credit Agreements
The University of Texas System | State of TexasHigher Ed · Austin, TX- Disclosed value
- Up to an aggregate total amount of $2,000,000
- From report
- Document date
- Oct 27, 2026
- Term
- Until rescinded
The 30-second brief
The University of Texas System delegated authority to execute standby letter-of-credit applications and agreements with Bank of America Merrill Lynch. The authority is limited to an aggregate $2 million and requires full security through UT System deposits.
Bank of America Merrill Lynch holds this financial services contract with The University of Texas System | State of Texas. Its other public contracts on record include work for California Statewide Communities Development Authority and Colonial Heights City Public Schools.
Term as filed: Until rescinded.
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Contract details
- Contract type
- Financial Services
- Amount
- Up to an aggregate total amount of $2,000,000
- Document date
- October 27, 2026
- Term
- Until rescinded
- Source document
- The University of Texas System Administration Report Delegations of Authority 2026-10-27 (Report)
Bank of America Merrill Lynch's other public contracts
More The University of Texas System | State of Texas contracts
Questions about this contract
Who was awarded the financial services contract by The University of Texas System | State of Texas?
Bank of America Merrill Lynch was awarded this financial services contract by The University of Texas System | State of Texas, as recorded on October 27, 2026. The contract value is Up to an aggregate total amount of $2,000,000.
How much is the Bank of America Merrill Lynch contract with The University of Texas System | State of Texas worth?
The Bank of America Merrill Lynch contract with The University of Texas System | State of Texas is valued at Up to an aggregate total amount of $2,000,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a report record.
Where was this contract approved?
This contract appears in The University of Texas System Administration Report Delegations of Authority 2026-10-27 (Report), dated October 27, 2026 from The University of Texas System | State of Texas. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Bank of America Merrill Lynch hold?
Bank of America Merrill Lynch 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 The University of Texas System | State of Texas currently buying?
Explore The University of Texas System | State of Texas's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.