Trustee Services for PACE Loss Reserve Program

The California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) is seeking proposals from qualified firms to serve as trustee for the Property Assessed Clean Energy (PACE) Loss Reserve Program. The selected firm will be responsible for managing funds, holding and disbursing funds on behalf of CAEATFA, providing monthly account statements, and submitting monthly claim activity summaries. The trustee will establish and maintain a separate, interest-bearing trust account for the Program Fund, into which CAEATFA will deposit funds. The trustee will invest these funds as directed by CAEATFA and disburse claim payments upon written request from CAEATFA. The contract is anticipated to be for a three-year period, with a maximum total amount not to exceed $49,000.00.