FY 25/26 Principal

IBM Credit LLC has been awarded an Information Technology Goods contract by the California Department of Technology, with a contract value of $1.7 million and a period of performance from January 21, 2026, through November 30, 2026. The contract encompasses hardware financing and related services, with line items reflecting principal payments, interest charges, bond counsel fees, and hardware interest across two fiscal years (FY 25/26 and FY 26/27).

The deliverables under this contract include principal obligations totaling approximately $1.65 million across the two fiscal periods, hardware interest charges, and bond counsel fees. The structure suggests this is a financing arrangement for information technology hardware procurement by the State of California, with costs distributed across fiscal years 2025/26 and 2026/27. Bond counsel fees and hardware interest components indicate a lease or installment purchase arrangement rather than outright equipment acquisition.