Replacement School Bus Financing - Documents and Procedures
Financing provided by Banc of America Public Capital Corp (BAPCC)
- Master Facilitator Agreement between NC State Board of Education and BAPCC - dated December 14, 2016.
- Master Replacement Bus Financing Agreement between North Carolina LEAs and BAPCC - Final Version for download and LEA signature.
from Ben Matthews and Derek Graham dated December 14, 2016: 2016-2017 Replacement School Buses - Financing Arrangements
Request for Payment: LEA Financed Purchase of Replacement School Buses
- Exhibit B for all counties
- print just the one for your county.
- BAPCC Federal Employer Identification Number: 540904325
- LEA INSTRUCTIONS FOR PROCESSING REPLACEMENT BUS FINANCING AGREEMENT:
- Complete Request for Payment form and FAX to DPI Transportation Services (919/807-3578) attn: Steve Beachum.
Note: You may attach a copy of your EXHIBIT B AGGREGATE LIST OF REPLACEMENT SCHOOL BUSES ANTICIPATED TO BE ACQUIRED and
put "See Attached" rather than duplicating all of the payment information.
- Receive from Steve Beachum an approval of the request for payment.
- Download a copy of the Master Replacement Bus Financing Agreement (MRBFA) and include YOUR EXHIBIT B - AGGREGATE LIST OF REPLACEMENT SCHOOL BUSES ANTICIPATED TO BE ACQUIRED.
- Fill in the MRBFA and get appropriate signatures IN DUPLICATE as follows:
- a. Page 1, paragraph 1 - fill in DATE, OFFICIAL LEA NAME, LEA ADDRESS
- b. Article I, "LEA" - fill in OFFICIAL LEA NAME (page 2)
- c. Article X, 10.04 fill in LEA name, department and contact name for official correspondence related to the financing agreement (probably transportation director or finance officer)
- d. Page 9, bottom - Appropriate signature for this agreement - either authorized Board member/chairman
OR superintendent, depending on local procedures.
- e. Exhibit A - Page 10 - Fill in date, LEA name, from page 1, paragraph 1
- f. Exhibit B - Page 16 - replace with the one provided by DPI Transportation Services
and fill in date, LEA name from page 1, paragraph 1
- g. Exhibit C - Page 17 - fill in date, LEA name, from page 1, paragraph 1
- h. Exhibit C - Page 18 - Fill in Federal Tax ID Number, date and authorized signature.
- i. Appendix # __ - page 19 - Fill in date, LEA name, from page 1, paragraph 1
- j. Payment Schedule to Appendix __ - Page 20 - Fill in date, LEA name, from page 1, paragraph 1
- Part 3 - Request for Disbursement (Page 21) - Do not complete. Will be completed by DPI on LEA behalf upon payment to vendor.
- Acceptance Certificate (Page 22) – do not complete - to be complete upon acceptance of bus.
NOTE: Mail TWO SIGNED ORIGINAL MRBFA's by February 28, 2017 to
Banc of America Public Capital Corp
555 California St, 4th Floor
San Francisco, CA, 94104-1503
ATTN: Bridgett Arnold, Contract Administration
BAPCC will return one signed original MRBFA to the LEA.