Opportunity
California eProcure #CAEATFA01-26
California seeks trustee services for PACE Loss Reserve Program
Posted
April 24, 2026
Respond By
May 15, 2026
Identifier
CAEATFA01-26
NAICS
525920, 523991
This opportunity from the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) seeks a qualified trustee firm to manage funds for the Property Assessed Clean Energy (PACE) Loss Reserve Program. - Government Buyer: - California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA), State of California - Services Requested: - Trustee services for the PACE Loss Reserve Program - Establish and maintain a trust account for program funds - Disburse claim payments upon written requisition - Provide monthly account statements and claim activity summaries - Offer on-demand electronic account access - Perform related duties as requested by CAEATFA - Products/Part Numbers/Quantities: - No specific products, part numbers, or quantities; this is a service-based procurement - Unique/Notable Requirements: - Trustee must have relevant financial services expertise - Compliance with California preference and incentive programs (Small Business, Microbusiness, DVBE) - Adherence to non-negotiable general terms and conditions - Maximum contract value of $49,000 - Contract term is three years - OEMs and Vendors: - No OEMs or specific vendors named; open to qualified trustee firms - Place of Performance: - CAEATFA office at 915 Capitol Mall, Sacramento, CA 94209 - Period of Performance: - Three-year contract term, no work before effective date
Description
The California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) is seeking proposals from qualified firms to serve as trustee to manage funds for the Property Assessed Clean Energy (PACE) Loss Reserve Program. The selected trustee will be responsible for managing the funds associated with this program. Proposals must comply with the instructions in the attached Request for Proposals (RFP) document. The procurement includes executing a standard agreement with the State of California, which includes non-negotiable general terms and conditions.