Government Contract | California
Agent Bank for the California Public Utilities Commission Statewide Energy Efficiency Financing Pilot Programs

Bid Information


Bid Alert No: 00000575688

Bid Title: Agent Bank for the California Public Utilities Commission Statewide Energy Efficiency Financing Pilot Programs

Agency Bid No. Title: CAEATFA04-15

Received Date: 05/19/2016

Close Date: 06/10/2016

Purchase Type: Term:

Delivery Point: Not Stated, California

Delivery Date: Not Stated

Special Notices: Questions Due By 05/31/2016 12:00 PM, Bidder Preregistration

Specifications

Specifications include, but are not limited to: The Agent Bank will establish, own and manage deposit accounts on behalf of CAEATFA. By performing this function, the Agent Bank will assure Participating Financial Institutions, that, among other objectives, the financing payments from Investor Owned Utility customers, remitted by the IOUs into the IOU accounts held at the Agent Bank, will be managed securely and will be disbursed to participating lenders according to account requirements. These requirements will be based on instructions from CAEATFA and it's Master Servicer and reflect that the accounts will be: (a) be established for the purpose of holding IOU customer funds that the IOUs have remitted as part of the on-bill repayment Pilot Program (such accounts hereafter referred to as IOU Accounts) OR be established for the purpose of holding funds deposited by CAEATFA's Trustee Bank pursuant to direction from CAEATFA and its Master Servicer (hereafter referred to as Operating Reserve Accounts); (b) only allow funds to be disbursed to participating financial institutions and a Trustee Bank that are on the list that CAEATFA will provide; and (c) be disbursed to these participating financial institutions or the Trustee Bank in amounts and at times per notification from the Master Servicer.

Bid Related Documents

Download Document

Product Code: 94625

Agency Information


Issuing Agency: State of California - Office of the State Treasurer

State: California

Agency Type: State and Local

Contact: Dallas Aicega 915 Capitol Mall, Room 485, Sacramento, California, 95814

Phone: 916-653-3303

Email: daicega@treasurer.ca.gov

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