CHAPTER Ban
900 PUBLIC DEPOSIT INVESTMENT POOL
PART Ban
901 PURPOSE
Ban 901.01 Purpose. The purpose of these rules is to implement the
provisions of RSA 383:22 et seq., relative to the creation of a public deposit
investment pool.
Source.
#5368, eff 4-02-92, EXPIRED: 4-2-98
New. #9702, eff 4-29-10,
EXPIRED: 4-29-18
New.
#12970, EMERGENCY RULE, eff 1-9-20, EXPIRES: 7-7-20
PART Ban 902
DEFINITIONS
Ban 902.01 “Commissioner” means the
Source.
#5368, eff 4-02-92, EXPIRED: 4-2-98
New. #9702, eff 4-29-10,
EXPIRED: 4-29-18
New.
#12970, EMERGENCY RULE, eff 1-9-20, EXPIRES: 7-7-20
Ban 902.02 “Committee” means the public deposit
investment pool advisory committee established by RSA 383:24.
Source.
#9702, eff 4-29-10, EXPIRED: 4-29-18
New.
#12970, EMERGENCY RULE, eff 1-9-20, EXPIRES: 7-7-20
Ban 902.03 “Department” means the
Source.
#9702, eff 4-29-10, EXPIRED: 4-29-18
New.
#12970, EMERGENCY RULE, eff 1-9-20, EXPIRES: 7-7-20
Ban 902.04 “Pool” means the public deposit investment
pool established by RSA 383:22.
Source.
#9702, eff 4-29-10, EXPIRED: 4-29-18
New.
#12970, EMERGENCY RULE, eff 1-9-20, EXPIRES: 7-7-20
Ban 902.05 “Proposal” means the submission to the
commissioner and the committee of a response to the RFP by a proposer.
Source.
#9702, eff 4-29-10, EXPIRED: 4-29-18
New.
#12970, EMERGENCY RULE, eff 1-9-20, EXPIRES: 7-7-20
Ban 902.06 “Proposer” means a federally registered or
federally exempt from registering investment manager or investment advisor who
submits, or plans to submit, a proposal to administer, manage and advise the
pool.
Source.
#9702, eff 4-29-10, EXPIRED: 4-29-18
New.
#12970, EMERGENCY RULE, eff 1-9-20, EXPIRES: 7-7-20
Ban 902.07 “Request for proposal
(RFP)” means the solicitation of proposals from investment managers and
investment advisors by the commissioner and the committee pursuant to
RSA 383:22, II.
Source.
#9702, eff 4-29-10, EXPIRED: 4-29-18
New.
#12970, EMERGENCY RULE, eff 1-9-20, EXPIRES: 7-7-20
PART
Ban 903 REQUEST FOR PROPOSAL
Ban 903.01 Obtaining the RFP. A proposer may obtain the RFP by:
(a) Writing to:
Commissioner
New
Hampshire Banking Department
Attn:
NH PDIP RFP; or
(b)
Going online at
http://www.nh.gov/banking/.
Source.
#5368, eff 4-02-92, EXPIRED: 4-2-98
New. #9702, eff 4-29-10,
EXPIRED: 4-29-18
New.
#12970, EMERGENCY RULE, eff 1-9-20, EXPIRES: 7-7-20
PART
Ban 904 FILING A PROPOSAL
Ban 904.01 Filing a Proposal. Proposers shall submit a proposal in the
manner and within the time period set forth in the RFP.
Source.
#5368, eff 4-02-92, EXPIRED: 4-2-98
New. #9702, eff 4-29-10,
EXPIRED: 4-29-18
New.
#12970, EMERGENCY RULE, eff 1-9-20, EXPIRES: 7-7-20
Ban 904.02 Late-filed Proposals. Proposals received after the date described in Ban 904.01 shall not be considered.
Source.
#5368, eff 4-02-92, EXPIRED: 4-2-98
New. #9702, eff 4-29-10,
EXPIRED: 4-29-18
New.
#12970, EMERGENCY RULE, eff 1-9-20, EXPIRES: 7-7-20
Ban 904.03 Inquiries. Inquiries relative to the RFP shall be
directed to the commissioner.
Source.
#5368, eff 4-02-92, EXPIRED: 4-2-98
New. #9702, eff 4-29-10,
EXPIRED: 4-29-18
New.
#12970, EMERGENCY RULE, eff 1-9-20, EXPIRES: 7-7-20
Ban 904.04 Request for Additional Information. Proposers shall, upon request, provide the
commissioner and the committee with additional information to assist the commissioner and the
committee in their evaluation of the proposal.
Source.
#5368, eff 4-02-92, EXPIRED: 4-2-98
New. #9702, eff 4-29-10,
EXPIRED: 4-29-18
New.
#12970, EMERGENCY RULE, eff 1-9-20, EXPIRES: 7-7-20
PART Ban 905
CRITERIA FOR REVIEWING PROPOSALS
Ban 905.01 Criteria.
(a) The criteria
utilized by the commissioner and the committee to evaluate the proposals shall
be set forth in the RFP and at a minimum include that the proposer:
(1) Is an equal opportunity employer;
(2) Possesses an understanding of, and the
ability to execute, the pool’s investment objectives and constraints;
(3) Demonstrates a commitment to assign a
qualified team of individuals to the pool;
(4) Shows:
a. Recommendations for management approaches for
the pool;
b. Additional investment or financial services
available, or offered and available through affiliation;
c. Adequacy of financial controls and protection
against loss; and
d. The potential success of a marketing plan;
(5) Submits a clear and complete response to the
RFP;
(6) Proposes fees and compensation; and
(7) Complies with applicable federal and state
laws and regulations including those relating to safeguards that secure data
and insurance.
(b) Other criteria
may be utilized by the commissioner and the committee to evaluate proposals,
depending on the particular RFP.
(c) Such criteria in
(b) above may include, but not be limited to, a proposer who:
(1) Possesses:
a. Resources with qualifications such as, but
not limited to, personnel to execute the pool’s objectives;
b. Experience in managing local government
operating and capital funds and providing the administrative support for such
management;
c. Experience in managing the mechanics of
processing paperwork and electronic data;
d. Administration and technology required for
processing paperwork and electronic data related to pool operations; and
e. The ability to generate accurate and complete
reports related to the pool; and
(2) Demonstrated experience in management of
assets of comparable size to the pool.
Source. #5368, eff 4-02-92,
EXPIRED: 4-2-98
New. #9702, eff 4-29-10,
EXPIRED: 4-29-18
New.
#12970, EMERGENCY RULE, eff 1-9-20, EXPIRES: 7-7-20
Ban 905.02 Oral
Presentation of Proposal.
(a) The commissioner
and the committee, after reviewing the submitted proposals, shall request oral
presentations of those proposers who:
(1) Met the criteria in Ban 905.01; and
(2)
The commissioner and the committee have voted to interview to further clarify the
qualifications of the proposer.
(b) Oral presentations shall be at the expense of the bidder.
Source.
#9702, eff 4-29-10, EXPIRED: 4-29-18
New.
#12970, EMERGENCY RULE, eff 1-9-20, EXPIRES: 7-7-20
APPENDIX
|
Rule |
Specific
State Statute the Rule Implements |
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|
|
|
Ban
901 – 905 |
RSA 383:23, III |