FINANCIAL_SERVICESAPPROVED

United Independent School District Awards Financial Services Contract to Pnc Bank National Association (August 2026)

United Independent School District approved a private placement of a $30,000,000 Tax and Revenue Anticipation Note, Series 2026, with PNC Bank, National Association to fund maintenance expenses in advance of Fiscal Year 2027 revenues. The note bears 3.89% interest, is secured by pledged maintenance tax revenues and an Interest and Sinking Fund, and matures February 15, 2027 under a negotiated Purchase and Investment Letter.

Status
APPROVED
Document date
August 12, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Pnc Bank National Association
Agency
United Independent School District · TX

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TerraCycle logo
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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
$30,000,000 (principal); interest at 3.89% per annum; potential taxable rate adjustment to 4.88%
Contract type
FINANCIAL_SERVICES
Contract term
August 24, 2026 – February 15, 2027
Renewal date
2027-02-15
Renewal
This is a single-maturity anticipation note with no renewal or extension options stated; it is payable in full on February 15, 2027, though the District may prepay principal and interest early subject to a Cost of Prepayment charge. Any future short-term tax and revenue anticipation note under the same statute while this note is outstanding requires prior written consent of the Purchaser.
Document type
Resolution
Source document
United Independent School District Resolution Issuance and Sale of Tax and Revenue Anticipation Note, Series 2026 2026-08-12

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by United Independent School District?

Pnc Bank National Association was awarded this financial services contract by United Independent School District, as recorded on August 12, 2026. The contract value is $30,000,000 (principal); interest at 3.89% per annum; potential taxable rate adjustment to 4.88%.

How much is the Pnc Bank National Association contract with United Independent School District worth?

The Pnc Bank National Association contract with United Independent School District is valued at $30,000,000 (principal); interest at 3.89% per annum; potential taxable rate adjustment to 4.88%, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in United Independent School District Resolution Issuance and Sale of Tax and Revenue Anticipation Note, Series 2026 2026-08-12 (Resolution), dated August 12, 2026 from United Independent School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Pnc Bank National Association hold?

Pnc Bank National Association 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 Pnc Bank National Association's profile

What is United Independent School District currently buying?

Explore United Independent School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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