Introducing 

Prezi AI.

Your new presentation assistant.

Refine, enhance, and tailor your content, source relevant images, and edit visuals quicker than ever before.

Loading…
Transcript

Procurement Division

Golden State Financial Marketplace (GS $Mart) Program

Financing Close

State and Local Government

Acquisition Financing through GS $Mart

  • GS $Mart receives confirmation from the Lender that the funds have been wired to the Supplier
  • GS $Mart sends the IRS the required signed 8038G form
  • Bond Counsel sends to all parties the completed closing documents with opinion and certifications

Financing P.O.

  • The lender provides the payment schedule for the financing term
  • The agency prepares and amends the purchase order to include the financing line items and language provided by GS $Mart

Initial Documents

  • GS $Mart staff send the RFRQ and Compliance Certification forms to be filled out by the agency

Legal and Bond Counsel Opinions

  • The customer agency submits the completed and signed forms to GS $Mart
  • GS $Mart requests/receives the Opinion of Counsel letter from state legal counsel
  • Bond Counsel renders its opinion and provides the Tax Exemption Certificate and Agreement

RFRQ "hits the streets"

  • GS $Mart sends the RFRQ out to qualified lenders to receive rate offers

Getting Started!

  • Offers are compiled for the agency to review
  • Customer agency contacts GS $Mart with intent to finance during acquisition planning phase
  • The customer agency selects the winning lender based on GS $Mart recommendation
  • Agency sends GS $Mart the original solicitation, purchase orders and related documents for review
Learn more about creating dynamic, engaging presentations with Prezi