Specifications include, but are not limited to: 2.2.1 Provide banking services to specifically include commercial card incentive programs resulting in receiving at a minimum of 3% or more of the purchase total back at the end of the year. 2.2.2 Banking services with the depository institution in the form required by HUD, Section 9(a) of the ACC for PH, states that: 2.2.2.1 the Authority should deposit and invest all funds and investment securities received by or held for the account of the authority in connection with the development, operation and improvement of the projects under an ACC with HUD in accordance with the terms of General Depository Agreement (GDA). The GDA shall be in written form prescribed by HUD and must be executed by the Authority and the Depository. 2.2.3 Written assurance of collateralization of all uninsured cash deposits of the Authority as required by HUD and assurance that HUD form HUD-51999, General Depository Agreement, will be completed and supplied to SNRHA as soon as possible after the Proposal is accepted by SNRHA.
