REQUEST FOR PAYMENT LEA Financed Purchase of Replacement School Buses Authorized by NC Department of Public Instruction We the _____________________________________ Board of Education (LEA), hereby request that the North Carolina Department of Public Instruction (DPI) make the installment payments Banc of America detailed below on our behalf. Payment #1 made by DPI on behalf of LEA to Public Capital Corp (BAPCC) within 10 days of acceptance of bus. Payment made by BAPCC to school bus vendor within 30 days of acceptance of bus. Payment # 2 made by DPI to BAPCC on behalf of LEA by 11/15/18 or within ten days of the acceptance of the school bus, whichever is later; Payment # 3 made by DPI on behalf of LEA by 11/15/19 to BAPCC; Payment # 4 made by DPI on behalf of LEA by 11/15/20 to BAPCC. Description of Purchase Payment # Payment # Payment # Payment # Total Unit Quantity DPI Authorized Price Unit 1 Per Bus 2 Per Bus 3 Per Bus 4 Per Bus Cost- Purchase Financed Buses Cost Financed Price Cost Payable by Payable by BAPCC DPI for to LEA to (See Note 1) (See Note (See (See Note (See Note (See Note (See Note (See Note Note 1) 1) 1) 1) 1) 1) 1) Int’l Trucks, BAPCC Gregory Poole Equip. (See Note Co. & or 1 & 2) Thomas Built Buses (See Note 1, 2, & 3) TOTALS: Notes: Information available on EXHIBIT LIST OF REPLACEMENT SCHOOL BUSES “B”, AUTHORIZED BY NC DEPARTMENT OF PUBLIC INSTRUCTION. Payments per bus dependent on date of delivery. purchase price payable by BAPCC to school bus vendor equals the Purchase Order (PO) amount. __________________________ ___________________________ Superintendent Finance Officer
REQUEST FOR PAYMENT LEA Financed Purchase of Replacement School Buses Authorized by NC Department of Public Instruction We the _____________________________________ Board of Education (LEA), hereby request that the North Carolina Department of Public Instruction (DPI) make the installment payments detailed below on our behalf. Payment #1 made by DPI on behalf of LEA to Banc of America Public Capital Corp (BAPCC) within 10 days of acceptance of bus. Payment made by BAPCC to school bus vendor within 30 days of acceptance of bus. Payment # 2 made by DPI to BAPCC on behalf of LEA by 11/15/18 or within ten days of the acceptance of the school bus, whichever is later; Payment # 3 made by DPI on behalf of LEA by 11/15/19 to BAPCC; Payment # 4 made by DPI on behalf of LEA by 11/15/20 to BAPCC. Description of DPI Authorized Buses (See Note 1) Purchase Price Unit Cost (See Note 1) Payment # 1 Per Bus (See Note 1) Payment # 2 Per Bus (See Note 1) Payment # 3 Per Bus (See Note 1) Payment # 4 Per Bus (See Note 1) Total Unit Cost- Financed (See Note 1) Quantity (See Note 1) Purchase Price Payable by BAPCC to Int’l Trucks, Gregory Poole Equip. Co. & or Thomas Built Buses (See Note 1, 2, & 3) Financed Cost Payable by DPI for LEA to BAPCC (See Note 1 & 2) TOTALS: Notes: Information available on EXHIBIT “B”, LIST OF REPLACEMENT SCHOOL BUSES AUTHORIZED BY NC DEPARTMENT OF PUBLIC INSTRUCTION. Payments per bus dependent on date of delivery. purchase price payable by BAPCC to school bus vendor equals the Purchase Order (PO) amount. __________________________ ___________________________ Superintendent Finance Officer
Request%20For%20Payment.docx