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