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This is a Request for Proposal (RFP) from the Dormitory Authority State of New York (DASNY) seeking proposals for Bond Trustee and related services, including registrar, paying agent, tender agent, escrow agent, and custodian services. DASNY intends to empanel a list of successful proposers. The term of empanelment will be seven years with three one-year extension options. Key dates include the RFP issuance on March 24, 2026, proposal due date on April 27, 2026, at 4:00 PM. Proposals must be submitted via email to ***@***. *. * must meet specific financial and operational qualifications, including a minimum equity capital of $125,000,000 and a rating of at least 'A'. The RFP details extensive requirements for proposal content, including general qualifications, technical requirements, cybersecurity, and business resiliency. Evaluation criteria will focus on the qualifications of the proposing institution and staff, the proposed services, technology, and record of diversity and equal employment. Proposers must comply with New York State business registration requirements and State Finance Law 139j and 139k regarding communications during the procurement process. All inquiries must be submitted in writing via email to the designated procurement administrator.
The proposal due date is April 27, 2026, at 4:00 PM.
The selection process will be based on the respondents' understood ability to meet DASNY's needs, considering qualifications of the proposing financial institution and proposed staff, trustee services, technology, and record of diversity and equal employment.
Proposers must be a banking organization authorized to do business in New York State, have a minimum equity capital of $125,000,000, a rating of at least 'A' from a nationally recognized statistical rating organization, be a member of the Federal Reserve Bank or maintain accounts with member banks, be a FAST agent for DTC, and have experience with complex tax-exempt financing transactions.
The deadline for RFP questions is April 06, 2026.