NIGP 94685: Trusts, Estates and Agency Accounts

NIGP 94685 Trusts, Estates and Agency Accounts, an Item code, encompasses custody, safekeeping, and trust administration services that state and local governments procure to manage public assets, investment portfolios, bond proceeds, and unclaimed property held in fiduciary or agency capacities. Recent state and local solicitations under this code show purchasing activity centered on institutional asset custody for strategic reserves, arbitrage compliance and rebate calculation services for tax-exempt debt management, unclaimed property auditing and collection, and trust account administration across varying jurisdictions including state treasuries, county financial offices, and special-purpose districts.

Issuing bodies span state departments of revenue and treasury, county government finance and accounting divisions, and independent special-purpose districts, with repeat activity visible in Florida counties (Collier, Okaloosa, and Broward) and Washington State. The Texas Comptroller of Public Accounts issued RFP 908-26-1778WS in June 2026 with a July 10, 2026 response date for custody and liquidity services to manage the Texas Strategic Bitcoin Reserve under cold-storage and cryptocurrency safekeeping protocols, anticipating dual-award contracts through August 2029. Okaloosa County, Florida posted an RFQ (due July 15, 2026) and Collier County posted an RFP (due May 14, 2026) for arbitrage rebate services calculating tax-exempt bond compliance annually at average spend around $20,100. The Washington State Department of Revenue issued parallel RFPs in April 2026 (RFP 2026-01 due June 15, 2026 and RFPUCP202601 due June 5, 2026) for unclaimed property auditing, collection, and delivery across five counties with a three-year term, 10 percent success-fee structure on recovered property, and a $2 million spending ceiling. The State of Oregon Treasury issued RFP 267020 in April 2026 (due May 1, 2026) for institutional investment custodial safekeeping and trust services. Geographic concentration appears heaviest in Florida and the Pacific Northwest, with secondary activity in Texas and Oregon.