NIGP 94630: Cash/Securities and Bonding Services

NIGP 94630 Cash/Securities and Bonding Services is an Item code covering financial advisory and transaction services that state and local governments use to structure, manage, and execute debt issuances, investment portfolios, and ancillary banking and collection operations. Recent state and local solicitations under this code span investment consulting and portfolio management for retirement systems and municipal reserves, bond underwriting and placement agent services for tax-exempt and taxable debt issuances, arbitrage rebate and compliance services, debt collection operations, unclaimed property auditing with contingency-based collection, banking and treasury services for operating and reserve funds, armored courier services for cash and securities transport, and municipal advisor services for complex charter school and infrastructure financings. Issuing bodies include state treasuries and finance departments (California, Illinois, Michigan, Washington), county clerk offices and finance authorities (Hillsborough County, Orange County), cities (Dallas, Little Rock, Palm Bay, Scottsdale), school districts and charter academies (Manor ISD, Utah Charter Academies), specialized authorities (Massachusetts State Lottery, Greater Orlando Aviation Authority), and special-purpose districts. State departments appear as repeat buyers, notably Michigan and Washington for investment and unclaimed-property services.

Recent representative opportunities reflect the code's scope: the Michigan Department of Treasury's request for Investment Consulting Services (RFP due August 19, 2026) for semiannual performance analysis and quarterly evaluations across $122.4 billion in retirement assets; the Texas Water Development Board's RFQ for Arbitrage Compliance Services (due May 28, 2026) covering 39 bond issues at a maximum project cost of $363,000; the Washington Department of Enterprise Services' solicitation for Debt Collection Services (due September 1, 2026) across four categories with up to three awards per category and historical annual sales of $1.34 million; the Washington State Department of Revenue's RFP for unclaimed property auditing across five counties (due June 5, 2026) with compensation at 10 percent of property delivered; and the City of Dallas' procurement for Commercial Paper Liquidity Providers (due May 22, 2026) supporting $775 million in combined authorization across three capital programs. Geographic activity concentrates in California, Michigan, Texas, Washington, and Florida, with secondary activity across the Mountain West and Southeast. The code is seeing steady demand driven by debt management cycles, investment portfolio rebalancing, and collection-focused revenue initiatives.