The Mayor, or the CFO pursuant to § 47-351.02(c), shall calculate a financial score for each eligible financial institution. For each bid solicitation, the Mayor, or the CFO pursuant to § 47-351.02(c), shall decide how much weight and how many points to give each of the following elements to calculate the financial score:
(1) Investment and deposit bids based on the rate of return that a bidder offers;
(2) Financial services bids based on the cost of service;
(3) All bids based on an assessment of risk and financial condition;
(4) All bids based on the capacity of a bidder to perform and prior performance record; and
(5) Any other criteria required to evaluate a bid.
(Mar. 18, 1998, D.C. Law 12-56, § 2(c), 44 DCR 6933.)
1981 Ed., § 47-351.6.
This section is referenced in § 47-351.05 and § 47-351.07.
See Historical and Statutory Notes following § 47-351.01.
Structure District of Columbia Code
Title 47 - Taxation, Licensing, Permits, Assessments, and Fees. [Enacted title]
Chapter 3 - Budget and Financial Management; Borrowing; Deposit of Funds
Subchapter III-A - Financial Institutions Deposits and Investments
§ 47–351.02. Powers of the Mayor
§ 47–351.03. General deposit and investment requirements
§ 47–351.04. Eligibility requirements; bidding; awards process
§ 47–351.05. Competition for banking business
§ 47–351.07. Community development score
§ 47–351.08. Collateral and reporting requirements
§ 47–351.09. Linked deposits for community development lending
§ 47–351.10. Preservation of banking services
§ 47–351.11. District funds reserved for certain insured institutions
§ 47–351.12. Public disclosure
§ 47–351.13. Protection of District funds at risk