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Florida Department of Financial Services: F.A.C.T.S

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Contract Information

 

Summary

Agency Name: DEPARTMENT OF FINANCIAL SERVICES

Agency Contract ID: AC042

Long Title: Master Equipment Financing Agreement for the State

Vendor Name: BANC OF AMERICA PUBLIC CAPITAL

Total Contract Amount: $0.00

Total Budgetary Amount: $0.00

Total Payment To Date: NA

Date of Execution: 07/01/2009

General Description: Master Equipment Financing Agreement for the Consolidated Equipment Financing Program. Solicitation performed by State Board of Administration, Division of Bond Finance (RFP 2009-1A) with a requirement that DFS manage the program via a separate 2 party, no cost agreement.

Main Information

Agency Contract ID: AC042

FLAIR Contract ID: D0053

Short Title: Financing

Long Title: Master Equipment Financing Agreement for the State

Contract Type: Standard Two Party Agreement by Statute

Contract Status: Closed or Expired

Date of Execution: 07/01/2009

Date of Beginning: 07/01/2009

Original End Date: 06/30/2010

New Ending Date: 06/30/2012

Agency Service Area: AC

Statutory Authority: 287.064 Florida Statute

Contract Involves State or Federal Financial Assistance: No

Recipient Type:

Provide for Administrative Cost: No

Provide for Periodic Increase: No

Procurement Information

Authorized Advanced Payment: No

Method of Procurement: No Cost Procurement

State Term Contract ID:

Contract’s Exemption Justification: Per Section 287.064(1), solicitation performed and negotiated by State Board of Administration, Division of Bond Finance (RFP 2009-1A) with a requirement that DFS execute the program (via separate 2 party, no cost agreement).

Agency Reference Number: RFP 2009-1A under Division of Bond Finance (SBA)

Business Case Study Done: No

Legal Challenges to Procurement: No

Outsourcing / Capital Improvements

Was the Contracted Function Previously Performed by the State: No

Was the Contracted Function Considered for Insourcing back to the State: No

Did the Vendor Make Capital Improvements on State Property: No

Budget Information

Original Contract Amount: $0.00

Total Contract Amount: $0.00

Total Recurring Budgetary Amount: $0.00

Total Non-Recurring Budgetary Amount: $0.00

Total Budgetary Amount: $0.00

Total Unfunded Amount: $0.00

As of Date: 3/6/2012

Recurring Budgetary Amount Account Code Fiscal Year Effective Date FY Cost Accumulator Agency Amendment Reference
$0.00


No Non-Recurring Budgetary records found for this contract.

Contract Change

Change Type Amendment Amount Agency Amendment Reference Change Description Amendment Effective Date Amendment Execution Date New Ending Date
Renewal $0.00 R2 Second Renewal 03/29/2011 07/01/2011 06/30/2012
Renewal $0.00 R1 First Renewal 04/01/2010 07/01/2010 06/30/2011

Vendor

Name Line 1Name Line 2City State ZipMinority Vendor Designation
BANC OF AMERICA PUBLIC CAPITAL   TALLAHASSEE FL 323990000 Non-Minority

CFDA

No CFDA Codes found for the contract.

CSFA

No CSFA Codes found for the contract.
More Deliverable Number      Commodity/Service Type Major Deliverable Method of Payment
     
BANKING, FINANCIAL SERVICES Bank reviews application and forwards approval to Leasee / CFO within 2 business day of receipt of C... No Cost
     
BANKING, FINANCIAL SERVICES Bank prepares and executes final documents and transfers to Leasee for execution (with copies to the... No Cost
     
BANKING, FINANCIAL SERVICES Bank shall make payment to the contractor for the financed equipment within 10 business days of rece... No Cost
 Displaying 1 to 3 of 3    


Payments are also referred to as expenditures (creating or incurring a legal obligation to disburse money) or disbursements (the payment of expenditures). Payments include disbursements and accounting adjustments made on a contract. Payments are always positive amounts while accounting adjustments may be positive or negative depending on the type of adjustment.
  

If a payment or adjustment to a contract was made before July 1, 2012, the information may not be posted in this system.

Contract Documents


Click on the pdf icon or Agency Document Link to view the document
Document Type Document Reference # Executed Date Document Add Date Agency Document Link View
Original Contract Original Contract - D0053 07/01/2009 6/11/2012 11:16:47 AM
Renewal R1 07/01/2010 6/11/2012 11:16:58 AM
Renewal R2 07/01/2011 6/11/2012 11:17:07 AM


Audit results posted prior to June 30, 2012, appear in a summarized form. As of July 1, 2012, the audit reporting process was expanded to include additional questions and comments from the Bureau of Auditing. As audits are captured in electronic format, they will be posted to this system. If you are interested in seeing audit reports by Fiscal Year and Agency Action Plans, please click here to navigate to the Transparency Florida Contract Audit page.

  • No audits have been conducted on this contract at this time.
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