20 NCAC 01H .0201. REQUIREMENTS FOR THE RFP

(a)  The RFP shall contain all of the requirements that must be met by a trustee before certification can be granted.

(b)  The RFP issued by the State Treasurer shall require at least the following information:

(1)           Experience, capability and financial ability of the applicant to provide master trustee services;

(2)           Services and options that will be offered to participants;

(3)           Systems of accounting and reporting to the participants, to the State Treasurer and to the applicable agency;

(4)           A plan for implementation of the trust;

(5)           Audit and insurance needs of the trust; and

(6)           A detailed breakdown of all costs to be borne by the participants.

 

History Note:        Authority G.S. 147‑78.1;

Eff. December 1, 1985.