Brazos Valley Ionwave #RFA 26-004

BVSWMA seeks financial institutions for depository banking services at Twin Oaks Landfill

BVSWMA, Inc. (Brazos Valley Solid Waste Management Agency) is seeking qualified financial institutions to provide depository banking services for the Twin Oaks Landfill. - Government Buyer: - Brazos Valley Solid Waste Management Agency, Inc. (BVSWMA) - Twin Oaks Landfill - Eligible Vendors: - Banks, credit unions, savings associations (no specific OEMs or vendors named) - Services Requested: - Depository banking services including: - Receiving deposits - Paying items - Wire transfers (sending and receiving) - ACH processing - Stop payments - Lock box services - Positive pay - Safekeeping - Internet banking/cash management systems - Account analysis - Deposit processing - Internet-based reporting and transaction initiation - Account Structure: - Operating, payroll, and money market accounts - Estimated average daily balances over $25 million - Notable Requirements: - Compliance with Texas Local Government Code Chapter 105 (Depository Act), Chapter 2256 (Public Funds Investment Act), and Chapter 2257 (Public Funds Collateral Act) - Collateral requirements for deposits - Robust cybersecurity and disaster recovery plans - Annual performance review and potential contract extensions - Investment transactions excluded (BVSWMA manages its own investment portfolio) - Agency may select a single institution or award portions to multiple applicants if advantageous

Description

The Brazos Valley Solid Waste Management Agency, Inc. (BVSWMA) is seeking applications from qualified financial institutions to serve as the banking service depository. The services include receiving deposits, paying items, sending and receiving wired funds, stop payments, and other normal business banking activities, excluding investment transactions. BVSWMA intends to select a single applicant but reserves the right to award portions to multiple applicants if beneficial. The contract term is from January 1, 2027, to December 31, 2029, and the application deadline is October 7, 2026.

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