BID on Depository SY27-29

The Ocean Springs School District is soliciting sealed bids from qualified financial institutions to serve as the depository for district funds for the fiscal period July 2026 through June 2029. Bidders must propose the type of security they will provide, the interest rate and service terms, and any additional conditions, in accordance with Mississippi depository law. Bids are to be submitted electronically (or sealed in paper) by the deadline of May 1, 2026. The district will evaluate proposals based on interest rates, service quality, and compliance with statutory requirements. • Scope: Provide custodial banking services for school district funds for a three‑year term. • Deliverables: Secure holding of funds, issuance of interest statements, and compliance with state depository statutes. • Evaluation: Interest rate offered, service fees, financial stability, and security type. • Submission: Electronic bids via Central Bidding platform or sealed paper bids marked “BID ON DEPOSITORY FY2027‑2029”. • Timeline: Posting 12‑Apr‑2026, bid opening 01‑May‑2026, contract period July 2026 – June 2029.