Fiscal Agent Service

Overview

Financial, Legal, HR & Staffing

Benton, Louisiana, United StatesPosted 29 days agoDeadline: May 8th, 2026

Fit Score

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SUMMARY

Fiscal agent services are required for a government body in Benton, Louisiana, including deposit management, online banking, and monthly reporting on pledged securities.

KEY REQUIREMENTS

Must provide fiscal agent services including deposit management, account maintenance, and loan processing
Must provide a 'Positive Pay' system and online banking
Must provide monthly statements in electronic format without charge
Must be able to issue a Letter of Credit without charge
Must comply with Louisiana State Banking Code Section 421 regarding overdrafts
Must provide monthly reports showing market value of pledged securities
Must maintain interest-bearing accounts for the school board

BUDGET

Estimate

$5,000 – $25,000

CONTRACT DURATION

12 months

TIMELINE

Proposals due by May 8th, 2026.

Contract period begins July 1st, 2026 and ends June 30th, 2027.

Issuing Agency

Bossier Parish School Board

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DESCRIPTION

This RFP seeks a qualified vendor to provide fiscal agent services for a government authority in Benton, Louisiana. The selected financial institution will be responsible for receiving all deposits, maintaining all accounts, issuing loans, and fulfilling all obligations associated with the role of Fiscal Agent.

The institution will be required to deliver a monthly report to the Board showing the market value of all pledged securities and ensure the adequacy of these securities at all times. Additionally, the provider must offer a 'Positive Pay' system and online banking capabilities to the Board.

The contract will be valid for a period of one year.

Source attribution

This Settle analysis is based on the issuing organization’s public RFP listing.