Specifications include, but are not limited to: A. Provide financing for motor vehicles for DAS and eligible State agencies pursuant to the terms, conditions and provisions of the Master Contract governed by the state of Ohio that will be entered into by DAS eligible state of Ohio agencies and the successful Bidder. B. Provide financing in accordance with all State and federal laws and regulations. C. Provide financing that allows the state of Ohio not to participate in any activities associated with a certificate of participation transaction. D. The Bidder must clearly indicate that it agrees to receive payment from the purchasing State agency and not in a “bundle” from the Department of Administrative Services. E. The Bidder must comply with Ohio Revised Code Section 126.30 with regards to late payments. F. The Bidder must clearly indicate that it is agreeable for the state of Ohio to self-insure (through use of current appropriations) the vehicles being financed. G. The Bidder must clearly indicate the willingness to process financing for vehicle purchases as low as $50,000 per transaction. H. The Bidder must clearly indicate that it will provide financing for terms from three (3) to seven (7) years. I. There shall be no Prepayment Penalties. J. Any funds held within an interest-bearing escrow account shall be at the benefit of the state of Ohio. K. The bidder must clearly indicate that it is agreeable to commit to or “lock in” a rate of interest for ninety (90) days from the date that the lessee accepts the vehicle(s).