District of Columbia · Through 2026-08-20 (D.C. Law 26-175)

D.C. Code § 47-351.06: Financial score.

Where this section sits in the 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.

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.

Collected 2026-08-29T05:44:07Z. Source file · JSON

Browse this collection