Description
The Office of State Procurement is seeking a Financial Manager to administer and grow the Charter School Revolving Loan Fund Program. The program aims to provide funding for Arkansas Charter Schools to improve educational facilities. The selected contractor will be responsible for sponsoring, administering, and managing the program, including structuring loans, underwriting charter school obligors, servicing loans, and monitoring loan performance. The contractor will also provide additional capital to leverage the initial grant investment and develop rules and regulations for the program.
Key requirements for the contractor include:
• Three years of experience working with programs similar to the size, scope, and complexity of this RFP
• 501(c)(3) tax-exempt status
• Experience lending to Charter Schools in Arkansas
• Ability to raise external capital to support the Revolving Loan Fund Program
• Knowledge of State of Arkansas procurement rules and applicable statutes
The contractor will be required to submit a Technical Proposal Packet, including a signed proposal signature page, technical proposal response, completed fee schedule, and other supporting documents.