This Solicitation opportunity from California was posted on August 16, 2024. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
Public Banking Business Plan
Contract Overview
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The City of Sacramento's Office of the City Treasurer is seeking qualified entities to develop a comprehensive Business Plan for establishing and operating a local public bank that would serve Sacramento and potentially the surrounding region. This project includes conducting a Viability Study mandated by State Law AB857, which will evaluate whether the city alone can fully fund and sustain the bank's infrastructure or if regional collaboration is necessary for capitalization. The study aims to address all legal and financial requirements outlined in AB857 for public banks, ensuring the feasibility and sustainability of the proposed institution. The procurement process was authorized by the Budget and Audit Committee under File 2023-00403, and the contract is valued between $50,000 and $250,000, with a response deadline of September 20, 2024. Interested parties can find additional details and submit responses through the designated procurement portal.
General Info
Place of Performance
CA, USASet-Aside
Documents
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Timeline
Submission Closed
Organization & Contact Information
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