Specifications include, but are not limited to: a. Provide banking and depository services whereby money deposited by Sandoval County is automatically “swept” into an interest-bearing account on a daily basis. All interest rates shall meet or exceed rates set for in NMSA 6-10-36 (E), attached hereto as Attachment C. The County retains the option of leaving funds in the bank whenever bank rates exceed market or fund rates.; b. Sandoval County Investment Policy requires collateralization of no less than what is required in accordance with state statutes 6-10-10 through 6-10-18 NMSA on all deposits in excess of the Federal Depository Insurance Corporation (FDIC) insurance or the National Credit Union Administration (NCUA) coverage and reserves the right to set the level of collateral. Sandoval County currently requires a minimum of 75% with the option of up to 103%. This percentage may change in accordance with the provisions to the Investment Policy Collateralization must consist of only those investments approved by Sandoval County’s Investment Policy. The Offeror may submit a Letter of Credit from Federal Home Loan Bank as collateral.; c. Collateral shall be held in third-party safekeeping by an institution acceptable to the County. The safekeeping institutional shall issue a safekeeping receipt or other evidence to the County listing the specific instrument, rate, amount, maturity date, instrument number (CUSIP), term and other pertinent information requested by the Treasurer.; d. Collateral statements shall be provided at least once per month, at months end, or as frequently as required to document sweep activity. Yearly statements shall include a valuation of securities pledged to secure County deposits. In compliance with 6-10- 16 NMSA 1978, all securities shall be accepted as security at market value. Month end statements will also confirm instrument, rate, amount, maturity, instrument number, term and other pertinent information.; e. Offeror shall support activities provided by the County’s online property tax payment at http://www.sandovalcountynm.gov and acceptance and also processing of ACH and other payment transfers from outside sources.; f. Provide lockbox services during the first half of the County’s property tax collection period. Depending on calendar dates, this period lasts from approximately November 1 st – January 25th of each year with the option of second half from April 1st – May 15th. Offeror will be expected to provide automated payment processing, with check digit verification, and payment imaging capabilities. Furthermore, the Offeror is expected to provide these services “in-house”, and is strongly discourage from contracting this activity to a third party. Offeror shall provide electronic images of payments processed through lockbox. Payments processed through lockbox shall have a high level of accuracy. Coupons processed by lockbox should be tested every year prior to first half tax season, to find and eliminate any issues.; g. Provided to the County Manager, Treasurer and Finance Department online, real time internet banking capabilities to include the following: i. User maintenance & administration, including password reset.; ii. Account summaries and transaction reporting and analysis.; iii. Domestic wire, book transfer, and stop payment capabilities.; iv. ACH initiation and receiving, include bi-weekly payroll initiation of employee “direct deposits”.; v. Federal Tax Payments.; vi. Positive pay monitoring and reconciliation.; vii. Fraud alerts for ACH.; viii. The Offeror is also expected to provide online transmitted month-end bank statements, including monthly statements for all accounts. In addition, the County will be provided online check image retrieval at no cost. Image retrieval capabilities must include front and back imaging for all checks.; ix. Electronic ACH and wire payments for both the Treasurer’s Office and the Finance Department.; x. Options and fee scale for “Stop Payments” of checks.