NIGP 94949: Principal on Other Indebtedness

NIGP 94949 Principal On Other Indebtedness, an Item code, encompasses banking services that state and local governments procure to manage operating deposits, cash reserves, and treasury operations for multiple governmental entities within a single jurisdiction. The Pinellas County RFP 26-0180 posted October 8, 2026, illustrates the scope: comprehensive banking services for both the County Board of Commissioners and the Clerk of the Circuit Court and Comptroller, requiring the selected bank to execute two separate Master Banking Services Agreements and support balances exceeding $350 million across at least five full-service branches throughout the county. State and local issuing bodies under this code include county governments and municipal clerk/comptroller offices that aggregate banking relationships across multiple internal entities. Evaluation criteria typically weight firm qualifications and financial strength alongside service scope, user experience and transition methodology, and information technology and fraud protection capabilities.

Pinellas County, Florida, represents the only recent opportunity captured in the source, with a due date of February 19, 2026, and a contract term spanning 120 months plus two optional 24-month extensions. The RFP mandates Federal Reserve System membership, Qualified Public Depository status, and proof of prior experience serving Florida local governments with populations exceeding 300,000. Proposers must carry $1 million general liability, $100 million cyber liability, $100 million professional liability, and $100 million crime/fidelity insurance, and certify non-ownership by designated Foreign Countries of Concern including China, Russia, Iran, North Korea, Cuba, Venezuela, and Syria. Question submissions close January 21, 2026, at 10:00 a.m., with final proposals due February 19, 2026, at 3:00 p.m. through OpenGov.