§ 47-351.06. Financial score.

Current through October 23, 2012

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.

                
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(Mar. 18, 1998, D.C. Law 12-56, § 2(c), 44 DCR 6933.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications

1981 Ed., § 47-351.6.

Emergency Act Amendments

See Historical and Statutory Notes following § 47-351.01.

Legislative History of Laws

For legislative history of D.C. Law 12-56, see Historical and Statutory Notes following § 47-351.01.