Description
The California Alternative Energy and Advanced Transportation Financing Authority (CAE‑ATFA) is seeking a qualified trustee to manage, invest, and disburse funds for its Property Assessed Clean Energy (PACE) Loss Reserve Program. The contractor will establish a separate trust account, handle monthly fund reconciliation, process claim‑payment requisitions, and provide regular reporting to CAE‑ATFA. The contract is a three‑year, fixed‑price award with a maximum ceiling of $49,000.
• Establish and maintain a dedicated, interest‑bearing trust account for the $10 million loss‑reserve fund.
• Process and disburse claim payments per written instructions, and provide monthly account statements and claim activity summaries.
• Deliver on‑demand electronic access to the fund, comply with California Government Code § 16430 investment rules, and submit semi‑annual trust‑administration invoices.