D.C. Code § 47-351.06

Current through codified legislation effective September 18, 2024

Section 47-351.06 - Financial score

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.

D.C. Code § 47-351.06

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