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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: AC058

Long Title: Master Equipment Financing Agreement

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: 11/07/2012

General Description: In accordance with Section 287.064(1), "The Division of Bond Finance shall negotiate and the Chief Financial Officer shall execute agreements and contracts to establish master equipment financing agreements for consolidated financing of deferred-payment, installment sale, or lease purchases with a financial institution or a consortium of financial institutions." The attached contract is the Master Equipment Financing Agreement (MEFA) which establishes the Consolidated Equipment Financing Program (CEFP). The CEFP program allows agencies to utilize a master agreement on behalf of the state to obtian tax-exempt, low rate financing for equipment purchases.

Main Information

Agency Contract ID: AC058

FLAIR Contract ID: D0683

Short Title: MEFA

Long Title: Master Equipment Financing Agreement

Contract Type: Standard Two Party Agreement by Statute

Contract Status: Active

Date of Execution: 11/07/2012

Date of Beginning: 11/07/2012

Original End Date: 11/06/2015

Agency Service Area: AC

Statutory Authority: 287.064

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: Agency Request for Proposal [s. 287.057 (1) (b), FS]

State Term Contract ID:

Contract’s Exemption Justification:

Agency Reference Number: SBA 2012-1

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: 11/9/2012

No Recurring Budgetary records found for this contract.

Non-Recurring Budgetary Amount Account Code Fiscal Year Effective Date FY Cost Accumulator Agency Amendment Reference
$0.00 07/01/2012 2012-2013

Contract Change

As of Date: 9/24/2013

Change Type Amendment Amount Agency Amendment Reference Change Description Amendment Effective Date Amendment Execution Date New Ending Date
Amendment $0.00 A1 Additional $60 million addded to MEFA 09/23/2013 09/23/2013 11/1/2015

Vendor

Name Line 1Name Line 2City State ZipMinority Vendor Designation
BANC OF AMERICA PUBLIC CAPITAL TUCKER GA 300840000 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
     
FINANCING Set funding date 10 days from when documents are transmitted to Lessee for final execution. No Cost
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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 - D0683 11/07/2012 2/19/2013 1:05:38 PM
Amendment A1 09/23/2013 9/24/2013 8:42:26 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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