BID ON DEPOSITORY 2026-2029

Location:	Mississippi
Posted:	Mar 25, 2026
Due:	Apr 16, 2026
Agency:	State Government of Mississippi
Type of Government:	State & Local
Category:	89 - Subsistence (Food)
Solicitation No:	49-20260324094858 BPS
Publication URL:	To access bid details, please log in.

Procurement Details

Smart Number	49-20260324094858 BPS	Advertised Date	03/25/2026 5:00 PM
RFx #	3170035381	Submission Date	04/16/2026 2:00 PM
RFx Status	Open	Major Procurement Category	PERSONNEL SERVICES NON-IT
RFx Opening Date	N/A	Sub Procurement Category	PERSONNEL SERVICE - NON-TECHNOLOGY
RFx Type	MDA - RFx
Agency	MPTAP
RFx Description	Sealed and electronic bids will be received by the Biloxi Public School District, Biloxi, Mississippi, until Thursday, April 16, 2026, at 2:00 P.M., at the Central Office, 160 St. Peters Avenue, Biloxi, Mississippi, 39530 for the following: THE PRIVILEGE OF KEEPING THE BILOXI PUBLIC SCHOOL DISTRICT FUNDS, OR ANY PART THEREOF, IN ACCORDANCE WITH PROVISIONS OF SECTIONS 37-7-333, 27-105-305, AND 27-105-315 OF THE MISSISSIPPI CODE OF 1972, AS AMENDED. SAID DEPOSITORY SERVICE TO BE FOR A PERIOD OF THREE YEARS FROM JULY 1, 2026, THROUGH JUNE 30, 2029, OR UNTIL NEW ARRANGEMENTS SHALL BE MADE ACCORDING TO LAW.

RFx Items

PRODUCT CATEGORY	PRODUCT DESCRIPTION
94649	Serv Financial Other

Awarded

VENDOR NAME

VENDOR NUMBER

AWARD DATE

AWARD AMOUNT

FUNDING SOURCE

Bid Attachments

Attachments
Bank Bid 2026-2029.pdf

Attachment Preview

Biloxi

Public

Schools

Business Office

PO Box 168 Biloxi, MS 39533 (228)374-1810 ∙ Fax (228)436-5114

Elton J. Bienvenue, CPA

March 25, 2026

To Whom It May Concern:

Attached hereto are the specifications or terms to be considered by the Board of Trustees of the

Biloxi Public School District in the selection of a depository or depositories for the Biloxi Public

School District funds.

Please submit your bid no later than 2:00 P.M. on Thursday, April 16, 2026 to:

Shane L. Switzer, Director of Business

Biloxi Public School District

160 St. Peters Avenue

Biloxi, Mississippi 39530

Outside of sealed envelope must be clearly marked "BID ON DEPOSITORY 2026-2029".

Electronic bids may be submitted at www.centralbidding.com. For any questions regarding the

electronic bidding process, please call Central Bidding at 225-810-4814. Electronic submission

of bids is not required.

Sincerely,

Elton J. Bienvenue, CPA

Assistant Director of Business

encl.

www.biloxischools.net ∙ elton.bienvenue@biloxischools.net

Sealed and electronic bids will be received by the Biloxi Public School District, Biloxi, Mississippi,

until Thursday, April 16, 2026, at 2:00 P.M., at the Central Office, 160 St. Peters Avenue,

Biloxi, Mississippi, 39530 for the following:

THE PRIVILEGE OF KEEPING THE BILOXI PUBLIC SCHOOL DISTRICT

FUNDS, OR ANY PART THEREOF, IN ACCORDANCE WITH

PROVISIONS OF SECTIONS 37-7-333, 27-105-305, AND 27-105-315 OF

THE MISSISSIPPI CODE OF 1972, AS AMENDED. SAID DEPOSITORY

SERVICE TO BE FOR A PERIOD OF THREE YEARS FROM JULY 1,

2026, THROUGH JUNE 30, 2029, OR UNTIL NEW ARRANGEMENTS

SHALL BE MADE ACCORDING TO LAW.

The sealed bids shall designate the kind of security, as authorized by law, that the financial

institutions propose to give as security for the keeping of the funds and shall provide evidence

that the institution meets the requirements of Section 27-105-315, Mississippi Code, 1972. Each

bank agrees to execute a Collateral Security Agreement and a Custodial Agreement with the

District in the form recommended by the State Auditor and the Mississippi Bankers Association

for the purpose of complying with Section 1823(e) of FIRREA as necessary to insure that the

District will possess a preferred claim to pledged securities in the event of default by the

depository bank.

SPECIFICATIONS OR TERMS TO BE CONSIDERED BY THE BOARD:

The Biloxi Public School District currently uses a “lead bank” with other banks participating. The

school district chose one bank to handle the day-to-day transactions for all accounts as the lead

bank.

The Biloxi Public School District plans to either use a sweep account program so that it may get

a better interest rate on checking accounts or use a “lead bank” with other banks participating.

The school district plans to continue to use one bank to handle the day-to-day transactions for

all accounts, whether the bank is the only bank used or is the lead bank. Therefore, Option 1 is

to be completed using the sweep account approach and Option 2 is to be completed in case the

Board of Trustees decides to use a lead bank approach. The District reserves the right to re-bid

if market conditions warrant such action prior to the end of the three-year term. The District will

only consider banks with a physical location within the city limits of Biloxi, MS.

ALL BANKS ARE ENCOURAGED TO SUBMIT A BID WITH THE REQUIRED INFORMATION

SO THAT THEY CAN BE AWARDED ‘DEPOSITORY’ STATUS. This status allows all of these

banks to participate in bids on certificates of deposit. If the interest rate rises above the amount

being received by the District during the year, the District reserves the right to receive quotes on

other types of investments.

Option 1: (Sweep Account)

1. Interest Rate.

After considering all of the items listed in 2 – 8 of Option 2, each bank interested in

bidding on the sweep account program should consider the following and offer a firm,

“net” bid that represents the actual interest rate that will be paid to the school

district on all accounts.

2. The sweep account must be done in the background, not affecting any individual bank

account balances so that bank statements can be reconciled without the sweep

transactions. All bank accounts must be kept separate from each other.

3. Banks will be required to provide the actual check images (both front and back) with the

bank statement and make them available for viewing through online banking.

4. Bank statements will be required to reflect activity through the last working day of each

month. Deposit corrections should be sent to the District within two working days. All

inquiries, problems, and corrections should be directed to District revenue bookkeeper.

5. Banks will not charge separately for services such as stop payments, deposit books,

stamps, internet services, transfers, or other charges.

6. Banks will be required to provide to the District, if that bank is selected as the lead bank,

such items as new counter checks, deposit books, locking bank bags, and stamps. Bank

will not charge separately for these items.

7. Banks will be required to provide computerized online access to all bank accounts.

8. The Biloxi Public School District has an established payroll direct deposit and vendor

payment program. Banks interested in being considered for “lead bank” will be required

to make monthly payroll available for use by employees on the last working day of month.

9. The institutions submitting bids must include in their sealed bid their most current

Statement of Condition and State Depository Certificate. (Failure to provide Certificate

will result in an invalid bid)

10. Banks will be required to list all bank branches available for depositing funds so that a

determination can be made based on school locations.

The Biloxi Public School District will not consider a bid that charges separately for services

(i.e., number of deposits, checks written, stop payments, etc.) under Option 1.

Total “Net” interest rate to be paid to the District after considering all charges.

Fixed Rate:

or Variable Rate Basis (i.e. 28-day T-Bill):

Current Rate:

Minimum Floor Rate:

Option 2: (Lead Bank)

1. Banks will be required to indicate a firm, “net” bid that represents the actual interest

rate that will be paid to the school district on all accounts.

2. The lead bank transactions between banks must be done in the background, not affecting

any individual bank account balances so that bank statements can be reconciled without

the intra-bank transactions. All transfers shall be made on a daily basis. All bank

accounts must be kept separate from each other.

3. Banks will be required to provide the actual check images (both front and back) with the

bank statement and make them available for viewing through online banking.

4. Bank statements will be required to reflect activity through the last working day of each

month. Deposit corrections should be sent to the District within two working days. All

inquiries, problems, and corrections should be directed to District revenue bookkeeper.

5. Banks will not charge separately for services such as stop payments, deposit books,

stamps, internet services, transfers, or other charges.

6. Banks will be required to provide to the District, if that bank is selected as the lead bank,

such items as new counter checks, deposit books, locking bank bags, and stamps. Bank

will not charge separately for these items.

7. Banks will be required to provide computerized online access to all bank accounts.

8. The Biloxi Public School District has an established payroll direct deposit and vendor

payment program. Banks interested in being considered for “lead bank” will be required

to make monthly payroll available for use by employees on the last working day of month.

9. The institutions submitting bids must include in their sealed bid their most current

statement of condition and State Depository Certificate. (Failure to provide Certificate will

result in an invalid bid)

10. Banks will be required to list all bank branches available for depositing funds so that a

determination can be made based on school locations.

The Biloxi Public School District will not consider a bid that charges separately for services

(i.e., number of deposits, checks written, stop payments, etc.) under Option 2. Please note that

the “lead bank” with be given at least a 50% share of the funds.

Total “Net” interest rate to be paid to the District after considering all charges

including lead bank transactions.

Fixed Rate:

or Variable Rate Basis (i.e. 28-day T-Bill):

Current Rate:

Minimum Floor Rate:

Depository Interest

Please also indicate if you would be interested in being approved as a depository so that you

can participate in bidding on certificates of deposit. This is an option for those banks not being

awarded the handling of the sweep accounts or not wishing to be a participating bank under the

“lead bank” approach.

(YES / NO ) We would be interested in serving as a depository.

The selection of depository or depositories will be considered at a meeting of the School Board

on April 21, 2026.

The Board of Trustees shall select that financial institution or institutions proposing the best

terms, including interest, convenience, experience and service, having in view the safety of such

funds. The Board of Trustees reserves the right to reject any and all bids and to waive any

irregularities in the bids.

This is the opportunity summary page. It provides an overview of this opportunity and a preview of the attached documentation.

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BID ON DEPOSITORY 2026-2029

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See also