Northern Illinois University
Announcement of an Emergency Award/Quick Purchase
Vendor: PNC Bank
Final amount: $0
The emergency award was not utilized.
The University award process may be delayed up to thirty days as this award goes through a state approval process.
Vendor: BMO Capital
Final amount: $0
The emergency award was not utilized.
The University award process may be delayed up to thirty days as this award goes through a state approval process.
Vendor: National Bank & Trust
Final amount: $0
The emergency award was not utilized.
The University award process may be delayed up to thirty days as this award goes through a state approval process.
Vendor: Fifth Third Bank
Final amount: $0
The emergency award was not utilized.
The University award process may be delayed up to thirty days as this award goes through a state approval process.
Awarded to:Vendor: PNC Bank, Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 6/30/2010 through 9/15/2011
Renewals:
None
Vendor: National Bank & Trust, Sycamore, IL
Amount: An estimated $0
Terms:
An estimated start date of 6/30/2010 through 9/15/2011
Renewals:
None
Vendor: BMO Capital, Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 6/30/2010 through 9/15/2011
Renewals:
None
Vendor: Fifth Third Bank, Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 6/30/2010 through 9/15/2011
Renewals:
None
The University award process may be delayed up to thirty days as this award goes through a state approval process.
First published Wednesday, June 30, 2010
The University awarded a contract for line of credit.
This emergency/quick purchase was required due to a situation in which
immediate action was needed to prevent any disruption in University services.
Pursuant to Public Act 96-0909, and the status of university FY10 State Appropriation payments as of June, 2010 - the University requested line of credit quotations from eligible financial institutions. Four responses were received with competitive terms. The responses have near-term expiration dates. The immediate award is therefore necessary to establish the line of credit within the expiration date of the quotations(s) and to secure the specific interest rate terms for the duration of the line(s) of credit, subject to any eventual necessity of borrowing funds under the line of credit pursuant to Public Act 96-0909.
Subject to operational needs, terms, and fees, it will be determined if and in what amount the line(s) of credit will be executed subject to the provisions of Public Act 96-0909.
For additional information, contact:
This transaction is subject to the State Board of Elections registration and certification requirements of Public Act 095-0971.
